Capital gain on sale of preferance shares
This query is : Open
pankaj ajmera
(Querist)
09 January 2014
I have sold 50000 Pref. shares of JSW Steel @ Rs. 5.30 per shares on 8-1-14 on Bombay Stock Exchange which were purchased by me @ Rs. 4.30 per shares 15 months back.
What will be the capital gain ? Pl. note that there is no STT (security transaction tax) on Pref. shares.
Please advice.
Pankaj Ajmera
What will be the capital gain ? Pl. note that there is no STT (security transaction tax) on Pref. shares.
Please advice.
Pankaj Ajmera
Nikhil Kothari
(Expert)
12 January 2014
May be taxable at the rate at which short term gain is charged. But no clear idea. Wait for others reply..
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