01 February 2016
u/h of Capital gain.
if any assesee earns L.T.C.G on sale of shares registered under any stock exchange then such income will be exempt.. now my question is that "in presentation of answer is this required to calculate such gain or loss and after that drop a note that it is not taxable or we can directly show that it is exempted income so dont need to calculate either it will be loss or gain
01 February 2016
Long term gain if any need to disclose in "schedule EI(EXEMPT INCOME)"serial no.3 Details of Exempt income(Income not to be included in total income)
CAclubindia
