Taxation for listed equity shares: 5 things to know
1.A securities transaction tax of 0.1% is levied on buy and sell transactions for equity delivery transactions.2.A securities transaction tax of 0.025% is levied on the sell side for equity intraday transactions.
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4.The capital gains at the time of sale of equity shares are taxed at 20% if the holding period is less than a year.
5.Capital gains of more than Rs.1.25 lakh at the time of sale of equity shares are taxed at 12.5%, if the holding period is more than a year.
Content courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
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This story originally appeared on: India Times - Author:Faqs of Insurances
