If a person is not having speculative gains (intra day trading) or business gains (F&O), but only gets gains from stock taken delivery the same should be treated as STCG and charged at 15% correct?
Kindly clarify
Thanks
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Profit on stock taken delivery and STT paid
Replies (6)
Yes capital gains will arise
1.STCG @ 15% if in previous years also shares sold were taken as capital gains and not business income.
Yes, STCG, but @ 15% only if STT paid on sale.
Yes, STCG, but @ 15% only if STT paid on sale.
Hi thanks for response and update
Your t
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