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LONG / SHORT TERM CAPITAL GAINS

This query is : Resolved 
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(Querist)
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.
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Jitender

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Jitender (Expert)
11 November 2009 if the shares were held for more than one year then it is long terem capital gain & it is exempt
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
11 November 2009 shares holds more then one year , it is LTCG. only listed securites LTCG is exempt for tax.
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CA Deepak S

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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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