I understand that if we hold a share for more than a year and sell it, there is no tax on it. Is it exempted for income tax too? For gains made for less than a year, do we need to pay IT in addition to 15% tax on gains?
1 Like
Short term capital gains are taxed at 15%, there is nothing additional as such you have to pay. Check this post: http://zerodha.com/z-connect/traders-zone/taxation-for-traders/taxation-simplified
1 Like