Tax on LTCG
This query is : Resolved
28 October 2009
Suppose an individual has LTCG ON sale of shares of rs. 140000. He has deductions available of rs 5000. Dividend recd of rs. 700000. Whether he can claim the benefit of slab rate .( A.Y. 2009-10).
Plz calculate the tax liab.
Plz calculate the tax liab.
28 October 2009
HI SHIVANI TELL IN DETAIL,
BECAUSE THE LTCG ON SHARE IS EXEMPTED FORM TAX UNDER SECTION 10(38) AND FOR DIVIDEND INCOME ALSO EXEMPTED FROM THE TAX,
HENCE NO QUESTION WILL BE ARISE FOR THE BENIFIT OF SLAB.
TELL THE UR CASE IN DETAIL,
YOU MAY DIRECT MAIL ME
balramsharmaca@gmail.com
BECAUSE THE LTCG ON SHARE IS EXEMPTED FORM TAX UNDER SECTION 10(38) AND FOR DIVIDEND INCOME ALSO EXEMPTED FROM THE TAX,
HENCE NO QUESTION WILL BE ARISE FOR THE BENIFIT OF SLAB.
TELL THE UR CASE IN DETAIL,
YOU MAY DIRECT MAIL ME
balramsharmaca@gmail.com
28 October 2009
I agree with Mr Balram. LTCG on shares is exempt if the transactions are made on a recognised stock echange and the stt is paid on it.
28 October 2009
the assessee is a non resident & he sells shares of a private company
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
