long term capital gain

Sold the Shares; Do I have to Pay Tax?

by Amandeep Singh on February 5, 2009

in Income Tax

INCOMES such as salary, rent and business income are regular and recurring. However, these do not cover all sources of income. Income can arise out of the sale of capital assets such as shares and mutual funds. You will have to pay a capital gains tax on the profits made on the sale of shares/ [...]

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