A foreign institutional investor (FII) has total income which includes short-term capital gains on sale of listed shares of ₹ 30 lakh. The rate of tax for charging such income to tax is –
A. 1096
B. 30%
C. 1596
D. 4096
Answer:C
A foreign institutional investor (FII) has total income which includes short-term capital gains on sale of listed shares of ₹ 30 lakh. The rate of tax for charging such income to tax is –
A. 1096 B. 30% C. 1596 D. 4096