alleryStart learning →In the older regime described, what flat rate applied to short-term gains under section 111A?
A10 percent
B12.5 percent
C20 percent
D15 percent
Answer & Solution
Correct answer: D. 15 percent
Before the 2024 changes, section 111A taxed such short-term gains at a flat 15 percent, plus surcharge and cess.
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