What is the defining characteristic of a short-term capital gain on shares?

The profit earned from selling shares held for over a year. The profit earned from selling shares held for up to 12 months. The total value of shares held by an individual. The dividends received from shares held for any duration.

How does the tax rate for short-term capital gains compare to the tax rate for long-term capital gains?

Short-term capital gains are taxed at a lower rate. Short-term capital gains are taxed at the same rate. Short-term capital gains are taxed at a higher rate. Short-term capital gains are not taxed.

Which of the following is an example of a short-term capital gain that falls under Section 111A?

Gains from selling debt-oriented mutual funds. Gains from selling equity shares not listed on a recognized stock exchange. Gains from selling equity shares listed on a recognized stock exchange. Gains from selling bonds.

What tax rate is applied to short-term capital gains on shares under Section 111A?

10% 15% 20% 25%

Which of the following is NOT a factor in calculating short-term capital gains on shares?

Sale value of the shares Brokerage charges incurred during the sale Indexation Cost of acquisition of the shares

What is the 'cost of acquisition' when calculating short-term capital gains on shares?

The price at which the shares were sold. The highest price of the shares on the day before the sale. The price at which the shares were purchased, including brokerage charges. The fair market value of the shares on a specific date.