AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 93 Topic 10 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 93 Topic 10 Discussion

CTEP Exam Topic 10 Question 93 Discussion:
Question #: 93
Topic #: 10

Short-term capital gain arising for the transfer of equity shares and units of equity oriented fund shall be taxable


A.

at the normal rate


B.

at the rate of 20%


C.

at the rate of 10% if transferred on or after 1-10-2004


D.

at the rate of 10% if transferred on or after 1-10-2004 through a recognized stock exchange & such transaction is chargeable to securities transaction tax


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