TAX ON SHARE SALE

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BUSINESS
62 Points Posted on 01 August 2021
Dear Members
If I sale some shares in one company and invest the same amount in other one

will profit in first one taxable

Thanks in advance
Pradeep
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On 01 August 2021 at 13:29 Report
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Quick Summary
When you sell shares and reinvest the proceeds into another company, any profit made from the initial sale is generally subject to Capital Gains Tax (CGT). You'll need to calculate whether this falls under Long-Term Capital Gains Tax (LTCG) or Short-Term Capital Gains Tax (STCG) to determine the applicable tax liability.

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1236 Points Posted on 01 August 2021
You have to calculate ltcg or stcg
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On 01 August 2021 at 15:28
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Chartered Accountant
24588 Points Posted on 01 August 2021
Capital gains will arise
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On 01 August 2021 at 16:59
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2742 Points Posted on 01 August 2021
Capital gain tax will arise
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On 01 August 2021 at 17:09

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