Current Affairs · Taxation Policy
Following the modifications introduced in the Union Budget 2024, what is the taxation rule for Short-Term Capital Gains (STCG) under section 111A and Long-Term Capital Gains (LTCG) under section 112A arising from the sale of listed equity shares on which Securities Transaction Tax (STT) has been paid?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1STCG is taxed at the individual's slab rate, while LTCG is exempt from tax up to 5,00,000 Rupees.
- 2STCG is taxed at a flat rate of 20 percent, while LTCG is taxed at a flat rate of 12.5 percent on gains exceeding 1,25,000 Rupees in a financial year.✓
- 3STCG is taxed at 15 percent, while LTCG is taxed at a flat rate of 10 percent without indexation.
- 4STCG is exempt from tax, while LTCG is taxed at a flat rate of 12.5 percent.
Correct answer
STCG is taxed at a flat rate of 20 percent, while LTCG is taxed at a flat rate of 12.5 percent on gains exceeding 1,25,000 Rupees in a financial year.
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