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Income from sale of shares

Last post 12-21-2009 11:41 PM by sirdon. 0 replies.
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  • 12-21-2009 11:41 PM

    • sirdon
    • Top 500 Contributor
    • Joined on 12-22-2009
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    Income from sale of shares

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    Hello,

    As we all know long term capital gain tax is free,if i sell shares worth Rs 50 lacs after 1 year 7 days long term cap gain tax is exempted,only STT,SERVICE TAX,BROKERAGE CHARGES will be deducted,i would like to know if i keep the money into the bank,how much tax will the bank cut?will it come under income from other source?how much is the total tx i have to pay?

     

     

     

     

     
    • Post Points: 5
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