Long term gain on sale of shares

This query is : Resolved 

18 March 2009 Can anyone tell me from when which Assessment Year or the circular no.) is the long term gain on sale of shares exempt from tax?

18 March 2009 under section 10(38) long-term capital gain on transfer of equity shares/units of equity oriented mutual funds covered by securities transaction tax are exempt from tax.
its applicable from the AY 2005-06.

18 March 2009 I AGREE WITH DEVANSHI


18 March 2009 I AGREE WITH DEVANSHI

19 March 2009 thanks a lot...!!!



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