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| Discuss Taxation query at the Taxation Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi I am a salaried individual. I have recently started investing in stock. I just ... |
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#1
8th July 2006, 10:53 PM
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Taxation query
Hi
I am a salaried individual. I have recently started investing in stock. I just wanted to know if i buy and hold a stock for atleast one year then i dont pay any tax on the profits whatsoever once i sell it? Do i have to file returns for the profit or will the profit be added to my gross annual salary and be taxed? Regards Dhiman 
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#2
8th July 2006, 11:43 PM
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Re: Taxation query
Quote:
Best Regards, --Ashish
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#3
9th July 2006, 12:55 AM
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Re: Taxation query
Thanks Ashish.
Please clarifiy one thing - "Just mention the amount of LTCG in your return and claim exemption of it". Please elaborate. Regards, Dhiman
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#4
9th July 2006, 02:41 PM
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Re: Taxation query
Quote:
I meant that when filing your return, instead of not declaring it, one should claim exemption after declaration of LTCG. For example, while filling the Saral Form, you should write in para 18 (inner colum) , LTCG-- rs. 100000 (Exempt u/s. 10(38). The amount in outer column will be shown as "NIL". Hope it's clear now. Best Regards, --Ashish
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#5
9th July 2006, 04:02 PM
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Re: Taxation query
Quote:
 Regards Dhiman
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#8
7th January 2007, 01:32 PM
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Re: Taxation query
hello
please let me know how much tax i have to pay for short term profit[within one year] if i am a 30% tax payer
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#10
1st February 2007, 03:35 PM
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Re: Taxation query
Kindly enlighten me if stamp duty and transaction tax (charges) in resspect of share transactions under cash and derivative seqments attract service tax.
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