Capital gains from transfer of unlisted share are considered as STCG where period of holding is less than or equal to 24 months, and LTCG when holding period is more than 24 months.
Balwant Jain of apnapaisa.com tries to decode the taxation issues relating to income from shares from the stock market.
Indian equities are not going through a bear phase, said Anand Rathi, chairman of Anand Rathi. He pointed out that the chances of market going down further today are very low. He feels India is still a stock pickers market, however, he indicated that the brokerage industry is going through the toughest time.