Capital gain
This query is : Resolved
21 August 2013
if there is long term capital gain on shares then is indexation should be applicable?
21 August 2013
Dear Divya,
LTCG on shares sold on stock exchange is exempt. hence, there is no question of indexation.
LTCG on shares sold on stock exchange is exempt. hence, there is no question of indexation.
21 August 2013
yup. it is exempt. but i need to calculate exemption amount. so for calculating exemption amount, indexation is applicable?
21 August 2013
no divya...no indexation is to be taken...
the exempt amount is to be taken directly...as in sale consideration less the cost
the exempt amount is to be taken directly...as in sale consideration less the cost
21 August 2013
ohk..!!! if investor is selling shares to other investor, den whts d case?
21 August 2013
yes..if it is being sold outside the stock exchange, then the Indexation benefit can be taken.
since the shares are listed, you can either choose to go for indexation wherein the tax rate will be 20%
or not go for indexation, then the rate will be 10%
you can choose whichever is beneficial to you.
since the shares are listed, you can either choose to go for indexation wherein the tax rate will be 20%
or not go for indexation, then the rate will be 10%
you can choose whichever is beneficial to you.
21 August 2013
Cost of shares can be indexed, irrespective of listed or not, as per the 2nd proviso to section 48.
23 August 2013
THANK YOU EXPERTS ANKIT AND B.CHACKRAPANI WARRIER.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Payable outstanding for years disallowance
- Offsetting interest income against derivative trading losses
- Whether still royalty
- Strategic Performance Management and Business Valuation
- Appeals vs Writ court -certain doubt
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
