direct taxes

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saritha

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

R.V.RAO

R.V.RAO (Expert)
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19 April 2008
Short-term capital gains from the sale of unlisted shares are taxed at 30%, long-term capital gains are taxed at 10% (for FIIs) and 20% (for domestic investors). Short-term gains arise when shares are sold within a year of their purchase, and Long-terms gains accrue if the shares are sold after one year of holding them.

FOR DOMESTIC INVESTORS ON LISTED SHARES,IF STT IS PAID ,SHORT TERM CAP. GAINS TAXED @10%.
R.V.RAO

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