111A. Tax on short -term capital gains in certain cases.
(1)Where the total income of an
assessee includes any income chargeable under the head “Capital gains”, arising from the transfer of a
short -term capital asset, being an equity share in a company or a unit of an equity oriented fund 4[or a unit
of a business trust] and - (a)the transaction of sale of such equity share or unit is entered into on or after the date on which