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Ltcg on sale of pref. shares

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(Querist)
20 March 2014 I had sold 1000 pref. Shares of JSW Steel @ Rs. 5.37 on 19-3-14, which was purchased by me on 12-11-12 @ 4.54. There is no STT in Pref. Shares.
What will be the Tax implications?
Pl. advice

Pankaj Ajmera
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 March 2014 u need to pay stcg on such shares........
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pankaj ajmera

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pankaj ajmera (Querist)
21 March 2014 The answer seems to be incorrect. JSW Steel Pref. Shares is listed on BSE & NSE & hence for listed securities of holding period of more then 1 year is long term capital gain.
The question is at what rate LTCG will be taxed ?
Pl. advice

Pankaj Ajmera
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
21 March 2014 error is regretted it is taxable @20% u/s 112.
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pankaj ajmera

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pankaj ajmera (Querist)
21 March 2014 Yes thanks.
What abount indexation benifit,
Sir, Pl. advise.

Pankaj Ajmera
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
21 March 2014 You will get the indexation benefit for computing indexed cost of acquisition.
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