What is STCG other than 111A and how is it different from other income

Income Tax Income from Capital Gains
1

With all debt funds coming under the income slab rate of tax with the updated tax policy. What constitutes STCG other than 111A and what capital gains need to be reported under this category. Is it only for real estate held for short term , is it also for other income if so is it interest; dividend etc

2

Hi @rkumarblr

Section 111A provides for taxability of capital gains arising from the sale of securities being equity share or a unit of an equity-oriented fund or a unit of a business trust on which STT (Securities Transaction Tax) has been paid. Any Short-Term capital gains arising from the sale of assets other than those mentioned above will be taxed separately as per the applicable slab rates. Hope this clarifies!

3

Yes, it helps. Thank you

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