Shares
Trainee (Accounts Executive) (325 Points)
10 June 2015
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??
4 Replies
ROSHAN PAUL JOSEPH
(CA Final student)
(311 Points)
Replied 10 June 2015
It depends on
date of purchase
date of sale
whether securities transaction tax was applicable or not ?
Kannan M
(Consultant)
(85 Points)
Replied 10 June 2015
If the shares are sold within 12 months, then short term capital capital gain tax will apply. Otherwise no.
swapnil harwani
(article)
(72 Points)
Replied 11 June 2015
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
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