Ltcg on sale of pref. shares
This query is : Resolved
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
What will be the Tax implications?
Pl. advice
Pankaj Ajmera
20 March 2014
u need to pay stcg on such shares........
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
The question is at what rate LTCG will be taxed ?
Pl. advice
Pankaj Ajmera
21 March 2014
error is regretted it is taxable @20% u/s 112.
21 March 2014
Yes thanks.
What abount indexation benifit,
Sir, Pl. advise.
Pankaj Ajmera
What abount indexation benifit,
Sir, Pl. advise.
Pankaj Ajmera
21 March 2014
You will get the indexation benefit for computing indexed cost of acquisition.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
