Shares

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375 views 4 replies

Trainee

Accounts Executive

325 Points Joined February 2014

I hv purchased shares worth rs.5000 thru dmat account and sold wen it reached rs.5542. so how can I treat this in my itr??

Replies (4)

ROSHAN PAUL JOSEPH

CA Final student

311 Points Joined December 2010

It depends on

date of purchase

date of sale

whether securities transaction tax was applicable or not ?

Kannan M

Consultant

85 Points Joined February 2009

If the shares are sold within 12 months, then short term capital capital gain tax will apply. Otherwise no.

I assume that share sold are short term and selling price is arrived after deducting selling expense. So In your ITR return you will have to show Rs.542/- as short term capital gain & the same will be taxed separately @ 15%. Thanks & Regard Swapnil Harwani Mob. No.9175307291