Tax calculation on income from sale of equity share
This query is : Resolved
13 February 2010
My taxable salary is 250000/-. My other income from sale of equity share is Rs.20000/-(Purchase and sale of equity share in FY 2009-10)
Please advice whether income from sale of equity share is taxable in the FY 2009-10.
Please advice whether income from sale of equity share is taxable in the FY 2009-10.
13 February 2010
profit on sale of equity shares on which STT is paid is taxable @ 15%. If shares long term then no tax.
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