Capital gains - ITR2
by optimist on Jul 15, 2008 02:43 PM Permalink | Hide replies

I purchased some shares and sold it with a profit of 1300. Now i am confused do i have to pay tax for it?
PPl say gain of upto 1 lakh is not taxable!

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RE:Capital gains - ITR2
by Murali on Jul 16, 2008 05:37 PM Permalink
If you have sold the shares within one year of purchase, the profit is subject to short term capital gain tax of 10%

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