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    beginnerboy's Avatar
    beginnerboy Posts: 2, Reputation: 1
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    #1

    May 15, 2014, 09:04 PM
    Taxes on shares
    Suppose I invest Rs 10000 in a stocks of company A. After a bullish year my stocks are worth Rs 12,000.so I decide to sell it. Do I have to pay tax on that Rs 12,000 which I get after selling my stocks ?
    ebaines's Avatar
    ebaines Posts: 12,130, Reputation: 1307
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    #2

    May 16, 2014, 06:30 AM
    In India you pay tax on the capital gain of the stock - that is, how much profit you made on the transaction. For stock trabnsactions that gain is equal to sales proceeds minus purchase cost, or 12000 - 10000 = 2000 Rs.

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