Tax on short term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2010
Salaried employee (man)having interest income earn some short term capital gain on shares. Please advice is this short term capital gain is taxable at 15% (special rate) or will be taxed at normal slab rate applicable to individual (man).
10 February 2010
If STT is paid on share transactions,profit arising from such transactions is taxable at 15% otherwise taxable @ 30%
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Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2010
Thanks a lot Lalit
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