Economics · Income Tax
Consider the following statements regarding Capital Gains under the Income Tax Act: 1. Short-Term Capital Gain on equity shares (where STT is paid) is taxable at a special rate under Section 111A. 2. Long-Term Capital Gain on listed equity shares exceeding ₹1,00,000 is taxable under Section 112A. 3. Indexation benefit is available for Long-Term Capital Gain on listed equity shares covered under Section 112A. Which of the above statements are correct?
- 11, 2 and 3
- 22 and 3 only
- 31 and 3 only
- 41 and 2 only✓
Correct answer
1 and 2 only
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