Question
Mr. Y sold listed equity shares during the Financial Year 2024-25 after holding them for 18 months. The sale consideration amounted to ₹8,00,000, while the cost of acquisition was ₹4,50,000. Securities Transaction Tax (ST
- T was duly paid at the time of sale. You are required to determine the nature of capital gain, the amount of taxable capital gain, and the applicable tax rate.
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