Income from share trading
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2014
Sir, I have purchased some share in Jan-2013 a some of Rs-50000/- & sale the same in March-14 a some of Rs-62522/-. Is, Rs-12522/- (62522-50000=12522/-) taxable in F.Y 13-14 & add in my income.
18 July 2014
yes it taxable as capital gain.
18 July 2014
assuming that STT was paid on this purchase and sale, given that you have held shares more than 12 months, the gains shall be exempt from taxation under section 10(38).
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