19 April 2008
if you sold securities through stock exchange abd if it is long term then no tax liability and if it is sold out of stock exchange then it is taxable @ 20% ltcg for short term capitalgain tax is 10% for f y 2007-08
19 April 2008
if it is for listed than rate will be for LTCg NIL, STCG 10% for unlisted it will be treated like other capital assets sold and will be taxed accordingly
CAclubindia
