Tax on Small term capital gain

nareshvatsal 1
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Hi,

How person has to calculate tax on small term capital gain? When person need to pay tax?

Regards, Naresh Vatsal

short-term-capital-gain short-term-gains capital-gains income-tax

Thanks Pankaj for answer. I have 2 doubts 1. I am having gain from commdity .So i need to add this gain to my salary income and pay tax.

  1. If i am earning from stock , mf ets. Then i dont need to add this to salary income. i need to pay 15% tax on gain.

Regards, Naresh Vatsal

nareshvatsal•

Gains from commodity would be speculative business income and not a capital gain.

Short term gains from listed stocks (not intraday trading) and mutual fund would be taxed at 15%.

Pankaj Batra•

Once agin thanks Pankaj. I only have 1 doubt. I need to pay tax at the end of Finnacial year. What form i need to use for submitting tax.

nareshvatsal•
1 Answers

Short term gains from stocks, equity mutual funds on which STT is paid on transaction is taxable at 15% rate.

Other short term gains are added to taxable income and taxed as per normal slab rates.

Pankaj Batra5212
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