BUDGET 2014 - 15: Short-term & Long-term Capital Gains

BUDGET 2014 - 15 : Capital Gains -  Short-term and Long-term 

Particulars	Short-term Capital Gain Tax Rates	Long-term Capital Gain tax
Sale transactions of equity shares / unit of an equity oriented fund / unit of business trust which attract STT	15%	Nil
Sale transaction other than Mentioned above
Individuals (resident and non residents)	Progressive slab rates	20% / 10%
Firms including LLP (resident and non-resident)	30%
Resident Companies	30%
Overseas financial organisations specified in section 115AB	40% (corporate)	10%
	30% (non corporate)
FIIs	30%	10%
Foreign Companies	40%	20% / 10%
Local authority	30%	20% / 10%
Co-operative Society	Progressive slab rates

(a) These rates will further increase by the applicable surcharge and 3 per cent education cess on income-tax (inclusive of surcharge, if any)

(b) Concessional rate of 15 per cent not applicable in case of units acquired under transfer mentioned in section 47(xvii)

(c) Unlisted security and a unit of a mutual fund (other than equity oriented mutual fund) shall be considered as short term capital asset if held for not more than 36 months

(d) 20 per cent with indexation and 10 per cent without indexation for listed securities and zero coupon bonds (other than units).

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