TAX ON SHARE SALE

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
Replies (3)
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.

You have to calculate ltcg or stcg
Capital gains will arise
Capital gain tax will arise

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