Income from share trading

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 Sir, I have purchased some share in Jan-2013 a some of Rs-50000/- & sale the same in March-14 a some of Rs-62522/-. Is, Rs-12522/- (62522-50000=12522/-) taxable in F.Y 13-14 & add in my income.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2014 yes it taxable as capital gain.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 July 2014 assuming that STT was paid on this purchase and sale, given that you have held shares more than 12 months, the gains shall be exempt from taxation under section 10(38).

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