POSTED BY December 20, 2013 2:49 pm COMMENTS (2)
ONDear friends
One of my friend invested in Power grid FPO and he was allotted about 200 shares @ 85.5/- on 17.12.2013. Can he now sell in market (current market price is 99/-).
Any short term capital tax need to be paid to Power grid team. Actually, my friend is a non-tax payee person with very less annual income.
thanks in advance.
regards, Jhaji
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Dear Ashal
Thank you for your information. Regards, Jha
Dear Jhaji, no TDs ‘ll be there from powergrid people. Yes there ‘ll be STCg tax liability on your friend @ 15.45% on the gain amount but in case his total taxable income from all sources is less than 2L Rs. no tax libaility on him for this STCg amount.
Thanks
Ashal