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Tax Liability on Shares sold

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(Querist)
05 October 2010 How is the tax libility on Shares sold (both Long Term & Short Term)calculated and what is the tax rate?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 October 2010 Shares sold on stock exchange
LTCG - exempt
STCG - 15%

Shares sold other than on stock exchange
LTCG - 20%
STCG - at slab rates applicable

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