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IT on capital gain on sale of shares
If I earn capital gains of Rs.1.5 lacs how much to pay income tax at what rate. Please clarify.
Replies (3)
For LTCG over sell of listed shares... Rs. 1 lakh is exempt....
Thus over 50 thousand... @ 10% rate its just... Rs. 5,000/- + cess...
For STCG.... of listed shares its 15% + cess...
Thanks for the prompt reply
If you acquired shares on or before 31/01/2018 than you may benefit of grandfather cost Rule.
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