Skip to main content

Tax return for Share market Profit

Image
By
Tax corner for stock market :

  1. All the dividend income you received from companies on the shares is TAX FREE !!u/s 10(33).
  2. Shares which are transacted through you DEMAT account , i e "delivery based" suffered Security transaction tax, and was in your holding for less then 1 year, are subject to tax of 10% at special rate u/s 111A for the head "Short term capital gain".
  3. Profit from all "intraday , Option, Futures, and all non delivery based shares" will be added to your gross taxable income, and will be taxed as per slab.
  4. Capital gain from the "delivery based shares" which are in your demat for more then ! YEAR is tax free , subject to payment of STT. u/s 10(38) for the head "long term capital gain"
Labels:

Comments

Post a Comment

Popular posts from this blog

Schoolgirl Internal - Katey Grind

By
Post a Comment
Read more

Good Bye laptops

By
Can any one ever imagine of life without laptops or desktops now.!!! hmmm...yes but need anything else that replaces them. So Japan is always ready to help you out with their technlogy.Since its a time of microtechnology, everything is modeled as small as it can be so you not computers. Amazing technology from Japan . . . but can you guess what it is ?Look closely and guess what they could be... This is something that will replace your PC in the near future.Beleive it or not this the the future of forthcoming computers. After looking the picture to the right you might guess wht I'm talking about. In the revolution of miniature computers, scientists have made great developments with bluetooth technology.This is the forthcoming computers you can carry within your pockets, they are very small in size comparable to pen. This "pen sort of instrument" produces both the monitor as well as the keyboard on any flat surfaces from where you can carry out functions you would normally...
12 comments
Read more