Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Long term capital gain fron transfer of securities
by Sanjeev Rajpal on Apr 29, 2007 01:53 PM

If one invests one lac in shares in a financial year and sells few shares after say 6 months earning Rs.20,000/. Howevever the value of shares of balance shares comes down because of crashing of market to the point that total shares value becomes say 90,000/= meaning total loss of Rs.10,000/=. Still one shall have to pay tax on Rs.20,000/ earned or no?

    Forward  |  Report abuse
The above message is part of the Discussion Board:
All these incomes are tax-free