2006-09-12 03:58:14 · 3 answers · asked by Human B 1 in Business & Finance ➔ Taxes ➔ India
In India, Securities Transaction Tax is levied on sales and purchases of listed securities and units of equity oriented mutual funds. (Chapter VII of Finance (No. 2) Act, 2004
Long term capital gain arising out of transactions on which securities transaction tax has been paid is exempt from tax.(Section 10(38) of the Income-tax Act, 1961)
Long term capital gain is gain arising out of sale of shares which have been held by a taxpayer for 12 months or more. (Sections 2(29A), (29B),(42A) and (42B) of the Income-tax Act, 1961)
2006-09-14 19:42:35 · answer #1 · answered by sonali_n 2 · 0⤊ 0⤋
Gambhir is back in style as he basically scored a century in kin circuit so it may a stable concept to call in back for the 4th attempt and replace him, besides the undeniable fact that Rahane or Tiwary may be a stable decision too.
2016-11-07 04:17:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
the same as it is Indonesia except less or more depending on the time of day.
2006-09-12 04:10:21 · answer #3 · answered by saturn 7 · 0⤊ 0⤋