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Sale of shares

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(Querist)
16 June 2014 hello, I want to know the tax treatment on sale of shares. suppose Mr. A has purchased shares of Rs. 1 lakh in 2003 and the price of shares are 4 lakh now. so whether tax is exempt in this case if STT is paid or is it liable for LTCG and how much amount is he liable to pay. Thanks
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 June 2014 if STT has been paid, then no capital gains tax is to be levied.

please refer section 10(38) of the Income-tax Act, 1961
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Guest

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Guest (Expert)
16 June 2014 IF STT Paid, Fully exempted ltcg
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