STCG on listed equity with STT under Section 111A is taxed at:
A10%
B15%
C30%
D20% post Finance Act 2024
Answer & Solution
Correct answer: D. 20% post Finance Act 2024
1. Section 111A taxes STCG on listed equity, equity MF, business trust units (STT paid).
2. Finance Act 2024: rate raised from 15% to 20% (effective 23 July 2024).
3. Chapter VI-A deductions and basic exemption can still be utilized.
_Source: ICAI BoS CA Final Paper 7, Ch 4 "Capital Gains"_
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