Query related to capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 April 2015 Dear Experts,

One of my client has sold the land and whatever the sale consideration received on sale of land, he invested in shares, assume its short term period investment, he wanted to withdraw investment made on share.

What procedure he has to follow.

Expect your suggestions

Regards
Vithal

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

25 April 2015 Whether sale of such land is exempted from capital gain.
15% income tax has to be paid on short term capital gain on sale of such shares.