short term capital gain on sale of shares

RAMESH (Querist) 13 August 2010 This query is : Resolved
short term capital gain on sale of shares (STT Suffered) gain amount will get u/s 80(C) benefit of Rs. 100000/-

Follow Query

Report Abuse

AMIT BAJAJ ADVOCATE (Expert) 13 August 2010
STCG taxable u/s 111A is not eligible for any deduction u/s 80C

B.R. BHALLA, ADVOCATE (Expert) 15 August 2010
Short term capital gain on sale of Shares is taxable at 15% for A.Y. 2010-11. Earlier it was taxable at 10%