sir incase sells the shares with in 10days or 30 days from the date of buying what is the percentage of income tax. whether sold the shares on loss what is the rule?
Kapil, You Said: Any gains you make after selling them after 12 months qualifies as long term capital gains and are completely tax free.
Are you sure? My Tax consultant tells me it is 5 years. I already have some shares which I bought over an year back, so If I sell them the gains are tax exempt. Sounds too good to be true.
hey,,, thats a great article,,, makes a lot of sence,,, i wished i had got this info a couple of years ago,,anyway i have invested in mutual funds,and thou i have lost last month,, i am very optimistic that i will get good returns in a couple of years,, thanks,,,,.
I really wished I had had the 'common sense'(indeed the most uncommon thing) especially being a bank official to multiply my meagre savings in a smart way. To think I haven't amassed any wealth like a house even in my forties is definitely frustrating. One only hopes that it is still not too late! Thank you Mr.Kapil for waking me up!-ms.Kothai Srinivas
