Taxes on shares trading and mutual funds

POSTED BY sorabh ON October 21, 2010 4:22 pm ONE COMMENT

Hi all,

Can someone please tell me what all taxes are applied while buying/selling shares or mutual funds? At  present what I only know is short term gains are taxable (10%) where as long term gains (sellign after 1 year) is not taxable. Is that true?

 

 

One reply on this article “Taxes on shares trading and mutual funds”

  1. Manish Chauhan says:
    October 21, 2010 at 4:32 pm

    Sorabh

    With last year , the short term gains are taxed at 15% , 10% was the older rate , after 1 yrs , its tax free

    Manish

    Reply

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