Concessional Tax Rate

Tax Glossary Definition

Concessional Tax Rate

A concessional tax rate is a reduced or preferential rate of tax applicable to certain types of income, taxpayers, or transactions as specified under the Income Tax Act. It is often provided to encourage investment, promote specific activities, or offer relief to particular categories of taxpayers.

Example: Short-term capital gains arising from the sale of equity shares or equity-oriented mutual funds on which STT (Securities Transaction Tax) has been paid are taxed at a concessional rate of 15% under Section 111A.

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