Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2013 I HAVE BEEN ALOOTED 20 SHARES OF CARE IN IPO ALLOTMENT AND I SOLD THEM ON LISTING DAY
NOW WHAT WILL BE EFFECT OF THE SAME WILL BE SHOWN IN MY IT RETURN?

Jaydeep Parakh

Jaydeep Parakh (Expert)
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03 January 2013 U/s 111A of IT Act tax rate is 15% for short term capital gain on sales of shares /securities on recognized stock exchange in India.(BSE/NSE)

@VaibhavJ

@VaibhavJ (Expert)
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03 January 2013 Right..

Agreed with Jaydeep!!

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Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2013 I HAVE BEEN ALOOTED 20 SHARES OF CARE IN IPO ALLOTMENT AND I SOLD THEM ON LISTING DAY NOW WHAT WILL BE EFFECT OF THE SAME WILL BE SHOWN IN MY IT RETURN?

Jaydeep Parakh

Jaydeep Parakh (Expert)
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06 January 2013 You can show profit amt. in short term capital gain field in IT return.