Devyani Internationals IPO allotment status and listing gain (GMP) | Tax on gain from sale of share

In this video we are going to talk about the IPO of Devyani Internationals and capital gain tax which one needs to pay on gain or premium earned while selling the listed equity shares received in IPO.
One can have two types of capital gain:
Short term capital gain
Long term capital gain
Short term when shares are held for less than 1 year from allotment date
Long term when shares are held for more than 1 year from allotment date
Tax rate for short term capital gain: 15%
Tax rate for long term capital gain: 10%
In both situation gain would be calculated as sale price less purchase price (allotment price) less transfer expense.
Long term capital gain exempt upto Rs 1 lakh.
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