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Slae of share

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2012 I have purchased a share amounting to 500000/- in my name in my demat account in January 2010, if i sell this share during this year what is tax liability on me?
Current value of share 1500000/-
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
11 July 2012 Since the period of holding is more than 12 months, the share is a long term capital asset.

Assuming the share will be sold through a stock exchange (STT will be paid onsuch sale), the gain arising from such share shall be exempt.
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