Taxation on capital gains with respect to sale of shares:

1) If you sold LISTED SHARES (on Indian stock exchange) and held those for a period less than 1 year, then the gain is categorized as short term capital gain.

If held for more than 1 year, then gain is treated as long term.

◽ Short term capital gain on sale of listed shares - Taxed at 15% u/s 111A

◽ Long term capital gains on sale of listed shares - Taxed at 10% u/s 112A in excess of ₹1 lac

No deduction chapter VIA
No rebate u/s 87A for LTCG u/s 112A
No basic exemption benefit for non residents

2) If you sold UNLISTED shares in India (or foreign shares listed outside India) and held such shares for a period less than 2 years, then the gain is categorized as short term capital gain.

If held for more than 2 years, then gain is treated as long term.

◽ Short term capital gain on sale of unlisted shares - Taxed at slab rates

◽ Long term capital gain on sale of unlisted shares - Taxed at 20% u/s 112 (indexation benefit available to residents)

As indexation benefit is not available to non residents, tax rate of 10% is allowed