Capital gain on non listed shares

This query is : Resolved 

21 February 2013 an assessee has sold non listed shares (no STT paid).will he get exemption under section 54F

21 February 2013 Dear Mallika,

I think the exemption can be taken since the section uses the term ANY long term asset. except residential house...

22 February 2013 you are welcome Mallika


22 February 2013 But Time Gap in Between Date of Acquisition and Date of Sale is to be Minimum 3 Years. (Not 1 Year in Your Case)



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