LONG / SHORT TERM CAPITAL GAINS
This query is : Resolved
11 November 2009
I've sold shares after holding for more than one year.
What kind of tax will be applied on the gains?
How is it calculated.
Regards,
Gajanan.
What kind of tax will be applied on the gains?
How is it calculated.
Regards,
Gajanan.
11 November 2009
if the shares were held for more than one year then it is long terem capital gain & it is exempt
CA Ravi Sisodia
(Expert)
11 November 2009
shares holds more then one year , it is LTCG. only listed securites LTCG is exempt for tax.
CA Deepak S
(Expert)
12 November 2009
If the shares are traded through recognised stock exchanges, you would have paid STT and there fore the resultant LTCG is exempt from tax
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