Slae of share

This query is : Resolved

Querist : Anonymous

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/-

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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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