Turnover Tax on Buying or Selling Shares in India?
Wondering about Turnover tax and searching for what is exactly a Turnover tax? Wondering whether the tax will be on the profit or on the Purchase / Sale price? Ask our Stock Market experts in ISC for finance and Investment advice.
Is Turnover Tax applicable on Buying or Selling Shares in India? For example, If I Buy XYZ company shares for Rs. 1,00,000 and Sold it for Rs. 1,00,100 with Profit of 100, So where all the taxes will be applicable at this situation? Will it be on profit of Rs. 100 or also on Purchase / Sale Price? Please resolve and advise.