Q743
Section 111A is applicable in case of STCG arising on transfer of equity shares through recognized stock exchange and such transaction is liable to securities transaction tax. STCG covered under section 111A is charged to tax at the rate of:
A.
15% (plus surcharge and cess as applicable)
AnswerB.
15%
C.
18.5%
D.
22%
Answer: Option A
Solution
Answer: Option A
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