Is tax on long term capital gain applicable ? if i sale share with long term profit is tax on same applicable ?
Abhimanyu Bind
(CA Final Student & Audit Assitant)
(2051 Points)
Replied 03 January 2013
If shares have been sold after holding 12 months through a recognized stock exchange then No Long Term Capital Gain Tax is applicable. i.e. TAX FREE.
Regards,
Abhi
CA DIGANT CHADHA
(Academician & Consultant)
(195 Points)
Replied 03 January 2013
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