Section 111a of income tax act: Let’s break it down for investors and consultants. Under the income tax act, any profit or gain from the sale of shares is capital earnings.
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Equity stocks invested on a listed recognized stock exchange having a holding period of more than 12 months are considered short term capital gains. When securities transaction tax (stt) applies, stcg is taxed at a rate of 15% to 20% under section 111a of the income tax act. What changes under the 2025 income tax bill?
This tax structure helps simplify the taxation process for.
For listed equity shares and mutual funds, this period is reduced to 24 months. Stcg tax rate of 20% is applicable for equity shares and equity oriented mutual funds, while other assets are taxed at income tax slab rates.
