Taxation of Long Term Capital Gain Arising from Transfer of Listed shares

Posted Date : 28-Jun-2015 , 01:41:24 am | Posted By CASANSAAR print

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If listed Long term shares have been sold on Recognised Stock Exchange and if on sale Transaction STT have been paid then Long term capital gain shall be exempt from Capita Gain Tax u/s 10(38) and short term capital gain shall be taxable at the rate of 15 % u/s 111A of Income Tax Act, 1961.

Category : Income Tax | Comments : 0 | Hits : 479

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