Regarding share income
This query is : Resolved
MOHIT MITTAL
(Querist)
26 February 2014
sir , I purchase share of rs10 after sale rs.100 . I receive rs 90 as profit in each share . kindly give me sugesstion rs 90 is calculated under capital gain tax or as per cacluate income in normal slab rate
26 February 2014
profit on sale of share will come under capital gain. but long term capital gain on sale of shares on which STT is paid is exempt from CG tax.
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