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Capital gain on sale of preferance shares

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(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
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Nikhil Kothari

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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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