Tax on sale of Shares by LLP

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  1. JeanP

    JeanP New Member

    I have an LLP.
    LLP had capital of 10 lakhs
    LLP bought shares for 10 lakhs
    After 6 months shares zoomed to 20 lakhs
    Now profit is 10 lakhs
    LLC reinvested entire profit in buying other shares.
    What is the tax in this case?

    Please advice.
     
  2. Aditi Gulati

    Aditi Gulati Active Member

    Short Term Capital Gains Tax on Capital Gains on sale of Shares by LLP would be levied @ 15%
     
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