NOTIONAL GAINS/LOSSES

Hey friends, I have one query regarding the taxability of Notional Capital gains/losses.................

can anyone tell me about its taxability arising on shares & securities.........

Replies (13)

What u mean by Notional Capital Gain ?

If the Shares are transferred which is kept for more than 12 months & STT paid on the transaction, then LTCG will be Exempt. If sold upto 12 month then STCG will be taxed @ 15 %.

agreed with adrash.

 
     

Since your gains are notional, you can pay notional tax.

lolzz..funny Mr/Ms Old school

Ya Mr Adarsh Is Absolutely Correct As Per section 10 Clause (38) It Is Exempt If STT Is paid and is LTCG

But If Its STCG than 15%

mohammad, he is asking about NOTIONAL, which means they are just in brain. He has not realised any profits. SO no tax payable.

Are u referring to Deep Discount Bonds?? But that is again Actual gain in Market value.

 Income on DDB = Valuation as on last day of FY (31ST March 2010) - Valuation as on last day of previous FY (31ST March 2009)

This Income is chargeable as Interest Income in case the asset is held as investment and as Business Income if its held as a current asset

no tax on notional capital gain

Originally posted by : CA Somshekar (Rankholder)

no tax on notional capital gain

agree with adarsh.

its very subjective case..  there is no notional gain or loss unless there is a specific provision for the same.. as the e.g. given by ravati, STCG will arise but in other cases it will not arise E.g conversion of shares into stock in trade, in that case there is no capital gain

Originally posted by : RADHIKA JALAN

agree with adarsh.

fir mastan ka kya hoga re....

hi

how to report notional gain /loss in itr

1:since stocks held on year end would be not come under intraday

2: neither we can record them under stcg/ltcg

3: where to add purchase volume

 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
11 August 2026
COMPLIANCE EXECUTIVE

YMW COMPLIANCE SERVICES LLP

Others

CA Final

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details