Mahesh made Rs. 2,50,000 as short-term capital gain through trading in stock market. What will be his tax liability?
1 Answer(s)
kzeeleahn
since these are debt listed on the exchanged mahesh has to pay tax accordingly.These means that any short-term capital gain,where the holding period is less than a year he will have to pay tax at his slab rate.
Apr 21 2014 03:05 PM