Capital gain
This query is : Resolved
21 March 2012
Trust recived some shares as a donation,
If all these shares sold by trust in the stock market with in 3 months.
what will be the tax liablity?
e.g. short term capital gain etc.
If all these shares sold by trust in the stock market with in 3 months.
what will be the tax liablity?
e.g. short term capital gain etc.
12 April 2012
Yes. it will be a short term capital gain. If STT is paid, then they are chargeable to tax at 15%.
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