Inquiry about tax on share
This query is : Resolved
05 September 2011
Dear Sir,
I want to know that if some one Purchase Share & sale after One year or more than one year & get profit how much taxliability ?
I want to know that if some one Purchase Share & sale after One year or more than one year & get profit how much taxliability ?
05 September 2011
If shares are sold through a recognized stock exchange gain is exempt from income tax. For full details pl see section 10(38) of the Income tax Act,1961.
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