STCG on Shares Sold in May-June2010

Dear Friend.

Your question is incomplete. here u did not mention that whether the shares are listed on recognized stock exchange or Not , Whether STT Paid on the same. if the shares are list on recognized stock exchanged and STT has been paid on the same than this shares are taxable Under section 111A @ 15% as STCG. Otherwise tax liability will be calculated at the normal tax rate.

Hello Suvrana,

If STT has been paid on the transaction of sale then STCG will be taxed @ 15% U/s 111A, other wise the STCG will be taxed at normal slab rates applicable for individuals. 

agree with above comments...........

agree with above comments...........

ok, the shares are of RIL. so most definitely listed on bse.

thanks all. i understood that STCG @ 15% will be paid.