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Income from Capital Gains for CFP – 10

Posted by Prashant Shah on August 9, 2011

Understanding tax rates:

Securities Transaction Tax

Where, P = Purchaser

S = Seller.


6 Responses to “Income from Capital Gains for CFP – 10”

  1. Manish said

    Dear sir i have few queries relating to the topic as u stated above as follows:-
    1.)what is the meaning of delivery based and non-delivery based?
    2.)when nothing is mentioned about stt in question then wht should we do can we assume that capital asset is covered by the stt at the time of transfer or should we assume that capital asset is not covered by the stt at the time of transfer.
    3.)if capital asset is covered by the stt then does it require to calculate the stt on gross sales consideration at the time of transfer or not?

    • Dear Manish,

      When you buy the shares, you have two options, one is you can sell it before the close of the day or you can take delivery to your demat account. Intra day trade is non-delivery.
      When nothing is mentioned, you can definately assume that transaction is covered by STT and no need to consider the same for solution.


  2. Dear sir,

    What will be STT for Gold ETF and soft gold from listed markets and what will be the capital gain tax rate for hard gold?

    Jasbir singh

    • Dear Jasbir,
      Gold ETFs are not covered under STT.
      Applicable LTCG tax rate on gold ETF is 10% or 20%(with indexation) whicheve is lower
      and on gold it is 20% with indexation.


  3. kumar nirmal prasad said

    Dear sir
    Plz provide new stt rate.

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