Capital gains on sale of shares
This query is : Resolved
31 March 2016
Hello Sir/Ma'am,
One of my fellow client has recently started Shares Trading. However he is not an active trader and mostly trades(buys) when market are low and sells when market rises.(Mostly short term holding period). Thus on sales he is earning nascent profit. Now the issue that has arose is that whether he is required to pay Short Term Capital Gain over the Sale of Shares. As per my view he should be paying the tax dues. But he is of the opinion that due to the amount is petty he wish not to pay the Capital Gain.
Additional Details- Falls under the basic slab rate. STT is paid.
Recommend your views. Thanks in advance.
One of my fellow client has recently started Shares Trading. However he is not an active trader and mostly trades(buys) when market are low and sells when market rises.(Mostly short term holding period). Thus on sales he is earning nascent profit. Now the issue that has arose is that whether he is required to pay Short Term Capital Gain over the Sale of Shares. As per my view he should be paying the tax dues. But he is of the opinion that due to the amount is petty he wish not to pay the Capital Gain.
Additional Details- Falls under the basic slab rate. STT is paid.
Recommend your views. Thanks in advance.
31 March 2016
The income is that of capital gain.
01 April 2016
The answer i require is that whether he is required to pay the Capital Gain or not?
05 April 2016
The tax is required to be paid if the over all limit of INR 250,000 is exceeded
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Annual return in Gst
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
