1) What will be the capital gain implication of listed equity share (purchased after 31.01.2018) and sold after 12 months?
2)is 112A applicable?
3) is it taxable?
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Long term capital gain on listed Equity share
Replies (2)
112A is applicable and LTCG upto Rs.100,000/- exempt,
on balance LTCG tax need to be paid
1. Capital gain will be sale proceeds as reduced by cost of acquisition of shares.
2. 112A is applicable for LTCG
3. It is taxable at Flat rate of 10% + 4% Cess ( that is 10.40%)
2. 112A is applicable for LTCG
3. It is taxable at Flat rate of 10% + 4% Cess ( that is 10.40%)
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