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Tax return for Share market Profit

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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"
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