profit earned on selling of shares on which securities transaction tax is paid are taxable under d haed capital gains?
2 Replies
ritesh
(ca -ipcc)
(61 Points)
Replied 23 August 2011
ya it is taxable as per sec.111A(STCG)& SEC. 10(38) gives exemption on LTCG arising on tfr of eq. shares
Sumit Grover
(Chartered Accountant )
(3652 Points)
Replied 23 August 2011
for investor, it is taxable under head capital gains
for Stock Broker, under head PGBP
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