However, transactions in such long-term capital assets are liable to securities transaction tax (STT). Corporate Tax. This regime is seen as inherently biased against manufacturing and has encouraged diversion of investment to financial assets. 6. Share trading on the stock market is subject to this tax. Wealth Tax. Tax on the short-term capital gain if securities transaction tax is applicable: If securities transaction tax is applicable, the short-term capital gain is taxable at the rate of 15% +surcharge and education cess. Income tax, corporation tax, wealth tax, capital gains tax, securities transaction tax