Posted on: 05th Sep, 2009 12:40 am
I have just sold some of my shares that
i was aloted in a IPO and got 30 % profit in a span of 3 months,
just want to know is this amount taxable,
How i can save tax ?
i was aloted in a IPO and got 30 % profit in a span of 3 months,
just want to know is this amount taxable,
How i can save tax ?
yes it will be taxable.
only way to save tax is to invest money within current financial yr
only way to save tax is to invest money within current financial yr
save tax?
yes george.
in case of reinvestment it will not be considered as short duration capital gain. so it will be tax free
in case of reinvestment it will not be considered as short duration capital gain. so it will be tax free
okay...gotcha
Any investment you have profit on is taxable and any investment you have losses on you can dedut your losses.
If you made money by sellign stock if you reivest the money with in definded time in to another stock, it will be not be taxed now, but when you sell the second stcok, that's when it will be taxed
If you made money by sellign stock if you reivest the money with in definded time in to another stock, it will be not be taxed now, but when you sell the second stcok, that's when it will be taxed
if you are not in need of money. you can save tax by reinvestment
sure
Who does not need money?
Who does not need money?