1. Transfer of listed equity shares
On transfer of
Listed Equity Shares
Equity Oriented Mutual Funds
Units Of Business Trust
if short term gain arises such income will be taxed at the concessional rate of 15%
If you are holding assets other than above list
It will be taxed at normal slab rates
Advisory Comments :
It will be beneficial if you are investing in listed securities .
Lets understand with small example
Your short term capital gain is ₹1500000
If you are investing in other than listed securities tax on such income will be –
If your age is below 60 years
(15,00,000-10,00,000)×30% =₹1,50,000
On balance ₹10,00,000 = ₹ 1,12,500
Total Tax Payable = ₹ 2,62,500
If your age is above 60 years and below 80 years
Total tax Payable on Income = ₹2,60,000
If your age is above 80 years
Total Tax payable on income = ₹2,50,000
( Above all taxes are calculated excluding health and education cess)
On Other hand instead of above investment if you are investing in any of listed security tax on transfer of such asset –
15,00,000 × 15% = ₹ 2,25,000
From above example its proved 15% tax option is more beneficial
Hope so you all are understood my today’s article..
Thank You !!
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-Eleanor
Plan tax on your own 