gain on selling a bonus share is equal to its selling price. Let`s take an example to understand the calculation of short term capital gain tax in case of bonus shares (Long term capital gain tax is zero). No of shares held - 100 Bonus announcement 1:1 Total Number of shares after bonus: 200
3.40 PM Mar 2nd
Dear suriderdhiman66, You may switch 1 year old Units to 3 new Funds. Units allotted during last 1 year may be retained for 1 year & then switched to new Funds to avoid Exit Load/Short Term Capital Gain Tax. Start New SIP in ICICI Dynamic/Top 100 Fund & Retain all Units of ICICI Infra Fund
8.07 PM Feb 25th
Thanks striker value your suggestions .Remember the old times when nopy and me traded in escorts in the range of 60 to 70 and your technical study always proved right. Am holding large quantity which I refrained from selling to avoid short term capital gain tax.
12.05 PM Feb 16th
Yeah ,, you ar right if your total income including short term capital gains is less then 2 lacs, then you dont have to pay any tax. However if it exceeds then you will have to pay short term capital gains tax of 15 percent for the amount exceeding 2 Lacs . For example you have a total income
3.11 PM Dec 16th 2013
. thats where the things get foggy. i bought 300 shares hoping to make some quick money . but i guess overall market sentiment is not allowing it go up. one can pocket the hefty dividend ( tax free) sell the stock for a nominal loss for , to be adjusted against short term capital gains tax made from
12.28 PM Dec 12th 2013
it will be tax free provided you sell it in the exchange. OFF market sale will be taxable. Once again short term capital gains tax(less than one year) is 15percent and long term capital gains tax(over one year) is NIL provided you sell it in the exchange.
2.16 PM Dec 4th 2013
Good afternoon dear Maan12345. Intra-day profits attract short term capital gains tax @ 15%. If one is trading, then FNO profit according to me will be treated as BUSINESS INCOME (as by nature this will not amount to investment, but business)and taxed according to the tax slab in which
12.25 PM Dec 4th 2013
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