LONG / SHORT TERM CAPITAL GAINS

This query is : Resolved

Gajanan (Querist)
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11 November 2009 I've sold shares after holding for more than one year.
What kind of tax will be applied on the gains?
How is it calculated.

Regards,

Gajanan.

Jitender

Jitender (Expert)
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11 November 2009 if the shares were held for more than one year then it is long terem capital gain & it is exempt

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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11 November 2009 shares holds more then one year , it is LTCG. only listed securites LTCG is exempt for tax.

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CA Deepak S

CA Deepak S (Expert)
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12 November 2009 If the shares are traded through recognised stock exchanges, you would have paid STT and there fore the resultant LTCG is exempt from tax