Ltcg on shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2012
Hi frnds
whether LTCG on shares is exempt from tax??? If yes under which section it is?
For calculation of LTCG on shares, FIFO method is followed na???
whether LTCG on shares is exempt from tax??? If yes under which section it is?
For calculation of LTCG on shares, FIFO method is followed na???
16 May 2012
1. LTCG on shares is exempted if it is sold through recognised stock exchange on which STT is paid. It is exempted u/s. 10(38) of the Income Tax Act, 1961.
2. FIFO method is correct.
2. FIFO method is correct.
16 May 2012
LTCG on shares is exempt u/s 10(38) if STT is paid at the time of sale of such shares.
16 May 2012
1. LTCG on shares is exempted if it is sold through recognised stock exchange on which STT is paid. It is exempted u/s. 10(38) of the Income Tax Act, 1961.
2. FIFO method is correct.
2. FIFO method is correct.
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2012
Thank you all
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