Respt. Sir,
I have Working in Company and I have get some Share under employee scheme Which is lock in periad one Year then now if i will sell this Share and get near 16 lakh So
how Many tax payable?
Pls suggest.....
2 Replies
pankaj
(a)
(1262 Points)
Replied 28 February 2018
if shares are listed then capital gain @ 20% will be taxable
Ashok
(Article Assistant)
(38 Points)
Replied 28 February 2018
your purchase price of those shares should be reduced from Rs.16,00,000,then remaing gain should be taxable.If securities transaction tax paid then it is exempyed.Otherwise it is taxable
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