Short term share
This query is : Resolved
Debabrata bej
(Querist)
24 September 2016
HOW WE CALCULATE SHORT TERM PROFIT AND LOSS OF AN INDIVIDUALS PERSONS SHARES
CA Sumiit B Nagpal
(Expert)
24 September 2016
If you are referring to Listed securities:
Short term capital gain/loss will be there if the period of holding of share is more than a year- If the transactions were in Equity shares or Equity oriented mutual funds and the transactions were carried through recognized stock exchange and STT has been paid, then the gain will be taxed at 15% - Section 111A
If you are referring to Unlisted securities:
The period of holding would be 3 years, meaning thereby that if you sell/dispose of the shares before three years, there will be short term capital gain/loss. The same will be taxed as per normal provisions- slab rates.
Short term capital gain/loss will be there if the period of holding of share is more than a year- If the transactions were in Equity shares or Equity oriented mutual funds and the transactions were carried through recognized stock exchange and STT has been paid, then the gain will be taxed at 15% - Section 111A
If you are referring to Unlisted securities:
The period of holding would be 3 years, meaning thereby that if you sell/dispose of the shares before three years, there will be short term capital gain/loss. The same will be taxed as per normal provisions- slab rates.
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