Capital gain on sales of shares

This query is : Resolved

Jyothi (Querist)
Follow

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

jaydip a. limbasiya

jaydip a. limbasiya (Expert)
Follow

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

Jyothi

Jyothi (Querist)
Follow

16 February 2013 Thanks
Mr Jaydip

Upgrade to CAclubindia Pro. Subscribe Now!