Long term capital gain from share trading

This query is : Resolved

Jiban Maji (Querist)
Follow

04 May 2012 i have one year old share
now i decide that the share to be sold through broker. income tax rate and procedure of tax computation details given to me

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

04 May 2012 You can sell through a broker if it is listed in BSE or NSE. The profit arising on shares held for more than 12 months is known as Long Term Capital Gain and it is exempt from tax.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok