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Capital gain

This query is : Resolved 
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(Querist)
21 March 2012 Trust recived some shares as a donation,
If all these shares sold by trust in the stock market with in 3 months.

what will be the tax liablity?
e.g. short term capital gain etc.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
12 April 2012 Yes. it will be a short term capital gain. If STT is paid, then they are chargeable to tax at 15%.

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