Capital gains tax on shares sales
Capital gains are taxable or in other words, the capital gains come under tax net and an investor individual or company is liable to pay tax after selling an asset. However, the entity has to pay capital gains tax only if the asset is being sold.Jun 11, 2018 capital gains arise from the transfer of a longterm capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust Securities transaction tax (STT) has been paid at the time of transfer, and also on acquisition in case of equity shares. capital gains tax on shares sales
Budget 2018 Update: 10 Long Term Capital Gains Tax on sale of Shares and Mutual Funds held for more than 1 year. Capital Gains Tax on sale of sharesmutual funds is levied based on the nature of the Capital Gain. There are 2 types of capital gains i. e. Short Term and Long Term.