Capital gains - on trading equity shares in bse/nse

Hi,

I would like to know whether profits/loss earned on trading shares in BSE / NSE will be taxed. Or is it come under Capital Gains

Replies (7)

it is taxable under the head of capital gains. if you hold share less than 6 months it is shrt term capital gain. more than 6 months long term capital gain

IF SOLD WITHIN 1 YAERS THEN SHORT TERM CAPITAL GAIN IF MORE THEN ONE YAERS THEN EXEMPT FROM TAX AS A LOANG TERM CAPITAL GAIN

oH! sorry it's my mistake, holding peride to be consider is 12 months , agree with valji

Thanks.

Please provide the method of calculating the Tax Liability on Profit/Loss of Trading of Shares in BSE under Short Term Capital Gain Head. 

And how to pay tax araised on Short Ter Capital Gain.  I am salaried employee and I am paying Tax on Salaries.

Originally posted by : Anand Sanga




Hi,







I would like to know whether profits/loss earned on trading shares in BSE / NSE will be taxed. Or is it come under Capital Gains

shares which are sold through demat and suffered security transaction tax are subject to capital gains, as under 

1) 1 day to 365 days of holding, ......short term capital gain ( sec 111A), taxable @ 15%

2) 366 days or more - long term capital gain, under sec 10(38) , fully exempted

 

you have to pay the short term capital gain by challan, or adjust the refundable TDS if any, and submit return. 

Thank You.

That means on Net Profit on Total Transactions Tax should be paid u/s.111A @ 15%.

What is the time limit for payment of such tax.

captal gain tax should be cleared with advance tax in the quarter of gain, ( if total tax liability is more than 10000 afterTDS), otherwise before due date of return filing.  

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