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About long term shares

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(Querist)
26 September 2013 Hi sir ji..........

An Assessee bought share before 15yrs..and now he got 20l amount by that and invest that in F.D in bank..
Is he exempt from tax..
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
27 September 2013 Yes. Long term capital gain on shares is exempt from tax irrespective of the investment of sale proceeds from sale of shares.

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