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Exemption from the capital gains arising from the transfer of residential house property and investment in new house property. Nevertheless, the income tax act provides multiple exemptions that can lead. Capital gains tax is levied on the profit earned when you sell shares at a price higher than the purchase price.
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Purchase or construction of a. Capital gains tax is an essential aspect for anyone disposing of assets like property, shares, or bonds in india. The single flat rate of 12.5% applies.
These gains are categorized under the income tax act, 1961,.
Held for more than 24 months immediately preceding the date of transfer. Under the indian income tax. How much tax do you need to pay on those profits? Under this section can be claimed only by an individual or huf.
Selling shares can generate attractive profits, but it also brings with it an important question:
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'Braveheart' Colin Hendry to lead Scotland into battle against England
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