Capital Gains Tax on shares sold
This query is : Resolved
22 March 2009
What is the rate of tax levied on gains made by selling shares
1. For shares held less than an year
2. For shares which are held for more than one year after purchase
3. Is it clubbed with the Income from the primary source of earning? or taxed separately?
1. For shares held less than an year
2. For shares which are held for more than one year after purchase
3. Is it clubbed with the Income from the primary source of earning? or taxed separately?
22 March 2009
1.gain will be shor term: If sale satisfy condition u/s 111A, then now for such STCG 15%, otherwise normal rate of tax.
2. gain will be long term: tax rate 20% if indexed else 10%, but this will be exepmt u/s 10(38) if condition specified are fulfilled.
3. answer contains in above.
2. gain will be long term: tax rate 20% if indexed else 10%, but this will be exepmt u/s 10(38) if condition specified are fulfilled.
3. answer contains in above.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- SFT Cash Deposit in Current Account
- Copyright software
- Multiple trade mark
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY....../
- Transporter Declaration form
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
