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Capital gain on share

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2016 Dear sir,
Plz tell if i sell the share after 1 year then
It will be taxable or exempt...

Please reply......
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 April 2016 If shares are sold after 1 year and STT is paid then the same will Long Term Capital Gain and will be exempt from Tax u/s 10(38) of Income tax Act 1961.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2016 Sir who will pay STT....
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 April 2016 STT is charged by broker at the time of sale of shares.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 April 2016 Sir who will pay STT weather sellar
Or purchaser.......
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
05 April 2016 When you purchase oe sell share through stock broking firm STT is charged.

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