hi
if I have purchased shares on 25/03/2017 and sells on 25/03/2018 than Ltcg applicable??
and if yes then at what percentage?
please guide
thanks
IT IS STCG (SHORT TERM CAPITAL GAIN)
RATE 15%
6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 27 March 2018
For exemption u/s. 10(28), the shares should be held MORE than 12 Months......
So, you will have to pay STCG @ 15%....
MILAN B. SHAH
(consultant)
(152 Points)
Replied 27 March 2018
but if I shares on 28th than its Ltcg and no tax?
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 27 March 2018
from a.y. 2018-19, if ltcg on sale of shares exceeds 1000000, then you have to pay 10% on ltcg. correct me if I'm wrong
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