20 March 2014
I had sold 1000 pref. Shares of JSW Steel @ Rs. 5.37 on 19-3-14, which was purchased by me on 12-11-12 @ 4.54. There is no STT in Pref. Shares. What will be the Tax implications? Pl. advice
21 March 2014
The answer seems to be incorrect. JSW Steel Pref. Shares is listed on BSE & NSE & hence for listed securities of holding period of more then 1 year is long term capital gain. The question is at what rate LTCG will be taxed ? Pl. advice
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