Capital gain on sales of shares
This query is : Resolved
16 February 2013
The Company Purchase Shares on F Y 2008-09 Slaes on F Y 2012-13 but STT is not suffered how to calculate Long term Capital Gain (If Indexation is Applicable OR Not ) & Tax Rate Please Suggest me
Thanking You
Thanking You
16 February 2013
It is a long term asset because in case of share 12 months time is considered for a long term assets.Tax treatment is following
1) If it is listed shre
tax rate is 10% without taking indexation.
2)if it is non listed shares
tax rate is 20%, take indexation benifit.
From the above tax rate add surcharge, Edu.cess and Highter Edu. cess
1) If it is listed shre
tax rate is 10% without taking indexation.
2)if it is non listed shares
tax rate is 20%, take indexation benifit.
From the above tax rate add surcharge, Edu.cess and Highter Edu. cess
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