Majesco Dividend Trap | Should you invest in Majesco Stock Now?
The record Rs 974 dividend announced by insurance technology firm Majesco Ltd is a signal for investors to sell, rather than buy. If they book profits in Majesco now, their gains will be taxed at 10-15%, depending on how long back they bought the shares.
If shares were bought more than one year ago, the profit will be treated as long-term capital gains and get taxed at 10%. If the shares were bought less than one year ago, the gains will be short-term capital gains and taxed at 15%.
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