tax on income from shares sold
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2011
Hi,
I have shares of few companies, holding it for more than 3 years. The appreciation is about 50%, If I sell these shares will the income be considered for income tax
I have shares of few companies, holding it for more than 3 years. The appreciation is about 50%, If I sell these shares will the income be considered for income tax
17 February 2011
as u are holding shares for more than 1 year and if you transfer the shares in a recognised stock exchange , The LTCG(long term capital gain is exempt u/s.10(38) if the shares transfer ,and if covered by securities transaction tax
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 February 2011
thank you for the information , would like to know what is securities transaction tax, will this be deducted automatically when I sell the shares thru online
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
