Tax computation format for STCG on Shares when STT paid for it as well as when STT not paid.
vise versa for Long term capital gain on shares.
what is the tax rate when indexation computed.
2 Replies
Manjunath
(Audit assistant)
(48 Points)
Replied 27 July 2012
long term capital gain on sale of shares is exempt if STT paid and loss cannot be carried forward or setoff. short term capital gain taxable @ 15% if STT paid else at the noamal slab rates applicable.
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