I have a demat account with a bank from where i bought shares since april2012-till today,
I want to know that how to file a tax return for gains on sold shares in a year as currently my demat account is showing a profit of 27000 Rs and current shares loss of 25000rs.i have invested a 150000rs in this year.Should i have to pay tax on this amount or which amount.Kindly suggest me the write thing
Asked on 3/12/13, 10:33 am
2 Answers from Attorneys
Rajiv Chandhok Ph: +919810050896
https://www.linkedin.com/in/rajiv-chandok-0827b733/
You have to pay capital gain tax @ 15 % on the diference amount Of Rs. 2000 if the sale date is within one year of purchase date. if over one year then no tax is payable.
Answered on 3/21/13, 2:03 am
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