Query on tax on capital gains
Thomas Chacko (Accountant) (26 Points)
16 December 2015Thomas Chacko (Accountant) (26 Points)
16 December 2015
Abhishek Satam
(financial execetive )
(86 Points)
Replied 16 December 2015
Yes it is taxable, Rates Depends on the period of holding of assets....i.e short term or long term
Thomas Chacko
(Accountant)
(26 Points)
Replied 16 December 2015
Thanks a lot for the clarification
Regards,
Tom
Thomas Chacko
(Accountant)
(26 Points)
Replied 16 December 2015
Thanks a lot for the clarification
Regards,
Tom
Prateek
(Partner)
(143 Points)
Replied 16 December 2015
Yes it is a taxable transaction. Rate of tax will depend on the nature of transaction, i.e long term or short term. Rate of tax applicable will be same as applicable to an Indian.
Varun
(Article Assistant)
(56 Points)
Replied 17 December 2015