Tax calculation
This query is : Resolved
01 April 2009
How the tax assessment is done on share & Stock.
17 May 2012
1. If the shares are held for a period of 12 months or more then the gain arising on the shares is exempt provided STT has been paid at the time of sale.
2. If STT has not been paid then taxable @ 20%
3. If the shares are held for less than 12 months and STT has been paid on such shares then taxable @ 15%.
2. If STT has not been paid then taxable @ 20%
3. If the shares are held for less than 12 months and STT has been paid on such shares then taxable @ 15%.
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