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Capital gain on sales of shares

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(Querist)
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
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jaydip a. limbasiya

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jaydip a. limbasiya (Expert)
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
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Jyothi

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Jyothi (Querist)
16 February 2013 Thanks
Mr Jaydip
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