I have Sold 20 Lakh Shares Of 800000/- At 0.6 Per Share Resulting Into A Capital Gain Of Rs4,00,000/-.
The Date Of Aquisation Of The Shares Is Not Know But I was Informed These Were Long Term.
How do i Compute the Tax Liability?
3 Replies
ankita Goyal
(Student CA Final)
(113 Points)
Replied 18 May 2012
In case the shares are long term and
1) STT is paid on them
2) Listed on recognised Stock Exchange
The capital gain arising from sale is exempt from capital gain tax.
ankita Goyal
(Student CA Final)
(113 Points)
Replied 18 May 2012
In case the shares are long term and
1) STT is paid on them
2) Listed on recognised Stock Exchange
The capital gain arising from sale is exempt from capital gain tax.
rushi
(article)
(125 Points)
Replied 18 May 2012
Thank You For the Reply Ankita,But These Shares Though Listed On the Stock Exchange Have Been Sold Out Of The Market And Subsequently No STT Is Paid.
How Do I Compute The Tax Liability Now?
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