Income Tax
STCG (Short-Term Capital Gains)
Capital gains on assets sold within the specified short-term holding period — taxed at higher rates.
Full Definition
Short-Term Capital Gains (STCG) arise when a capital asset is sold within the specified holding period (12 months for equity, 24 months for property). STCG tax rates: listed equity shares and equity MF = 20% (post-Budget 2024, raised from 15%); debt MF, property, gold = taxed at slab rate. STCG is reported in Schedule CG of ITR-2 or ITR-3. STCG losses can be set off against both STCG and LTCG from other assets.
Related terms
More Income Tax terms
ITR (Income Tax Return)
Annual declaration filed with India's Income Tax Department reporting income, deductions and tax paid.
AY (Assessment Year)
The year in which income earned in the previous financial year is assessed and taxed.
FY (Financial Year)
The 12-month period from April 1 to March 31 during which income is earned and recorded.
PAN (Permanent Account Number)
Unique 10-character alphanumeric identifier issued by the Income Tax Department to every taxpayer.
TAN (Tax Deduction Account Number)
10-character number required by entities that deduct or collect tax at source (TDS/TCS).