Purchase of shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2014
Dear Expert,
I am a salaried person. For the Financial year 2013-14, I have purchase shares of Rs 60,000 through Demat Account. All shares hold during the financial year.
What is the tax effect of salaries.
Pl advice.
Thanks.
I am a salaried person. For the Financial year 2013-14, I have purchase shares of Rs 60,000 through Demat Account. All shares hold during the financial year.
What is the tax effect of salaries.
Pl advice.
Thanks.
28 March 2014
Till you don't sell the share there will be no impact. The gains at sell point will calculated as short term & long term. Based the income (short term or long term) the tax liability will be calculated.
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2014
Thanks Sir
I have make sale of shares transaction on 28.03.14 and settlement date 03.04.2014 amount receivable to my demat account.
what is tax effect for the financial year.
I have make sale of shares transaction on 28.03.14 and settlement date 03.04.2014 amount receivable to my demat account.
what is tax effect for the financial year.
09 October 2021
The short term capital gain liable at 15% in AY 2014-15.
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