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Ltc gain & stc loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 November 2011 sir
buy shares rs. 100000\= through private placement on 1.4.2006, now above co ipo comes in year 2010, on listing date sold above shares rs 500000\= earn rs. 400000\=.

now fy 2010-11, incurred Short Term Loss Rs. 200000\=.
now how much paid tax,
u\s which section.

07 November 2011 Gain of 4L will b exempt under section 10(38) so no tax payable
STCL will b c/fd for next eifght yrs

CA MANOJ GUPTA
JODHPUR
09828510543



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