ABOUT SELLING OF SHARES

I BUY THE SHARES IN 02/02/2010 THEN WHEN I SHOULD SELL THE SHARES WHICH WILL TAX FREE.

asked Feb 01 '11 at 14:02 by julo 112


If STT (securities transaction tax) is paid while buying & selling these stocks and same are kept at-least for a year, then Long term gain will be applicable and tax will be zero.

This does not apply only in case if you are not a normal investor but a trader (who does heavy trading in shares).

answered Feb 03 '11 at 14:16 by Pankaj Batra 5.2k320

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Asked: Feb 01 '11 at 14:02

Seen: 1,567 times

Last updated: Feb 03 '11 at 14:17