Short-Term Capital Gains (STCG)
Definition
Profit from sale of capital assets held for 12 months or less (equities/equity MFs) or 24 months or less (property/unlisted shares).
In Context
STCG on listed equity/equity MFs (Section 111A): taxed at 20% flat rate. STCG on other assets (property, gold, debt funds): taxed at applicable slab rate.
Related Terms
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