When foreign institutional investor has long-term capital gain on sale of listed share (STT paid) of ₹5 lakhs, the amount of tax payable on such capital gain would be :

CS Executive · Tax Laws and Practice · PYQS · December 2019
When foreign institutional investor has long-term capital gain on sale of listed share (STT paid) of ₹5 lakhs, the amount of tax payable on such capital gain would be :
(A) NIL
(B) @ 20%
(C) @ 10%
(D) @ 30%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic