Income Tax on Equity Shares and Equity Mutual Funds : Brief Analysis of Section 111A, 112 and 112A of Income Tax

• March 11, 2020
• CA Chandan Agarwal's Office

Analysis of Section 111A, 112 and 112A of The Income Tax Act, 1961

In this Article we shall discuss only about Shares, Debentures, Units of MFs, Units of Business Trust only.

Let us now analyse each section one by one:

Section 111A (CG on transfer of Short Term Capital Assets)

Applicable to: All Assesses

CG: Short Term

Tax Rate: 15%

Conditions for applying Section 111A.

Read more on: https://taxguru.in/income-tax/analysis-section-111a-112-112a-income-tax.html