Raj Singh
(Accountant)
(47 Points)
Replied 09 September 2009
Definitely LTCG because u have hold it for more than 12 months.
VARUN
(PCC STUDENT)
(523 Points)
Replied 09 September 2009
LTCG for sure ........ and will be tax @ 20%
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 09 September 2009
| Originally posted by :VARUN | ||
| " | LTCG for sure ........ and will be tax @ 20% | " |
Dear Varun,
It shall be taxed at lower of {10% without indexation and 20% with indexation}.
Thanks
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 30 September 2009
LTCG if u r holding it for more then 12 months.
if no stt is paid then u can not avail the benefit of section 10(38) as section 10(38) requires fulfillment of following two conditions:-
Such transaction is chargeable to Securities Transaction Tax.
further if u have any query u can reach me on
sunil.kotak @ money-matters.in
Thanks,
sunil
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
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