Kindly advise if there is any direct tax on share profit , for e.g. : I applied for shares in the inox share application recently . my application amount was 13,950/- and after the shares were allotted , I sold them and realised 19,000/- . hence I made a profit of 5050/- so what amount of tax I will have to pay on tis profit . Also is share profit not a part of the general income which I earn throughout the year in terms of taxation.
CAclubindia
