Tax on Capital Gain

#1
Hi,
I'm holding some of the stocks for ~1yr and sme I bought few months back.do I need to pay tax on all the shares that I have sold or only on the shares that I have sold within 1yr timeframe.When & How do I need to declare on tax.Can someone please help me here.


-Deepak.
 
#2
dear depak
i am not tax expert but as far as my knowledge---
if u hold shares(on which stt paid) sell less than 1 year ----10% tax on ur gain
if u sell shares(on which stt paid) after 1 year ----no tax
these r calculated as first come first out
say if u by 100 ntpc on 1st jan 07 and after agin buy 50 ntpc on feb08 and sell 50 nse on 28 feb then ---no tax
seniors may through more light
 

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