21 October 2012
I have investedin equities worth a few lakhs. I transact everyday by buying and selling shares but havent taken out the money from the demat. Wat is the tax implications with regard to capitl gains
22 October 2012
You need not take out any money - all gains you make through your transactions are assessable as capital gains - these gains are exempt if you sell your holdings after 12 months, and taxable @ 15% u/s 111A if you sell holdings before 12 months.
CAclubindia
