Short Term Capital Gain
This query is : Resolved
13 November 2009
I have salary income of Rs.150,000.00 for year 2009-10 and have short term gain from the sale of Shares is Rs.30,000.00 what will be my Tax liability for for Asst. Year. 2010-11
REgds
REgds
hshivakumar
(Expert)
13 November 2009
your tax liability will be Rs. 4500/-
CA Ravi Sisodia
(Expert)
13 November 2009
30000*15% = Rs. 4500
UMA SHANKER SHARDA
(Expert)
14 November 2009
The above rate is applicbale only when short term gain from sale of share is attracting STT. Otherwise, it will be charged to normal tax rate & tax amount will be 2000/-
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