What is capitial gain tax paid by selling shares of company on recognise stock exchange in India???

Question

is STT- service tax, stamp duty and transaction charges paid by selling shares of company on recognise stock exchange can be deducted while calculating capital gains? in india

Answer 1

In the FY 2007=08, short term capital gain on sale of shares on which transcation tax is paid is 10%. For FY 3008-09 it is 15%.

Read: http://mytaxes.in/index.php?topic=30.0

Answer 2

if u have held the shares for more than a year and sold them in a recognised stock exchange then the capital gains are tax free. but if you have shares for less than a year, the capital gains tax ( short term ) is 15 % of the profits ( capital gains ) all expenses are deductible.

Answer 3

When ever you make money on doing anything in the united states you pay tax. Federal can be upwards of 37% depending on how much you gain and have to claim as income but if your located in India and are trading in there market the rules are totally different. I am assuming your in the Usa trading in the India market over the internet.