direct taxes

This query is : Resolved 

19 April 2008 wat is the tax rate for followin

LTCG on listed securities
LTCG on unlisted securities
STCG on listed securities
STCG on unlisted securities

19 April 2008 if you sold securities through stock exchange abd if it is long term then no tax liability and if it is sold out of stock exchange then it is taxable @ 20% ltcg for short term capitalgain tax is 10% for f y 2007-08

19 April 2008 if it is for listed than rate will be for LTCg NIL, STCG 10% for unlisted it will be treated like other capital assets sold and will be taxed accordingly


19 April 2008 is STCG chargable @10% both in case of securities traded in recognised stk exc&traded outside rec stk exc

24 April 2008 no

stcg @ 10% is applicable only when securities are transferred through recognised stock exchange



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