banner_ad

EFFECTIVE RATE OF TAX

987 views 5 replies
User Avatar

Lawyer
574 Points Joined October 2007

HI

Plz tell me the effective rate of income tax of STCG nd LTCG on sale of shares.

effective rate includes surchareg nd edu. cess

thx

Reply Share Follow
On 25 February 2008 at 19:24 Report
Replies (5)
User Avatar

Director- FinMAT Consultants
1703 Points Joined January 2008
Pl. tell me the stastus of Assessee like co. firm or individual
Reply
On 25 February 2008 at 20:53
User Avatar

Chartered Accountant
272 Points Joined June 2007
LTCG is exempted STCG @ 11.33%
Reply
On 25 February 2008 at 22:07
User Avatar

CA
254 Points Joined February 2008
HI If shares are sold through exchange and it is STCG then TDS @ 10% plus education cess @ 3% of tax (surcharge is 10% of tax if sales amount is more then Rs 10 lacs in case of individula). LTCG is exempted
Reply
On 26 February 2008 at 09:18
User Avatar

Service
1461 Points Joined October 2007
It is not TDS it is Income Tax rate.
Reply
On 26 February 2008 at 09:20
User Avatar

Guest
458230 Points Joined August 2012
AS PER SEC 111A FOR STCG IF OF LISTED CO. SOLD THROUGH RECOGNISED EXCHANGE AND STT PAID THEN TAXES @ 11.33% , IF NOT SOLD THROUGH RE . EXCHANGE AND STT NOT PAID TAXED @ 33.99%. IN CASE OF NON LISTED CO. STCG WILL BE TAXED AT 33.99%. PL CORRECT IF I AM WRONG.THANKS
Reply
On 07 March 2008 at 23:51

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details