Capital gain tax
This query is : Resolved
20 July 2018
i had purchased 100 shares of balkrishna industries 4-5 years back.during january 2018 i had sold the shares booking profit. Do i need to pay any tax on the profit.if yes, how to calculate that profit and pay income tax now if applicable.
where to show in ITR-I. I am a salaried in 30% tax bracket
where to show in ITR-I. I am a salaried in 30% tax bracket
CA Ankit R Momaya
(Expert)
20 July 2018
Capital Gains by way of transfer of above share will be long term Capital Gains.
Such Capital Gains are exempt u/s 10(38)
Such Capital Gains are exempt u/s 10(38)
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