Long term capital gain
This query is : Resolved
17 September 2014
dear experts,
is it necessary to hold shares for 1 year in demat account for claiming exemption?
or
Period of holding calculated from the original date of acquisition?
is it necessary to hold shares for 1 year in demat account for claiming exemption?
or
Period of holding calculated from the original date of acquisition?
17 September 2014
yes u need to held it to make it on long term capital asset
17 September 2014
what if my dad hold reilance shares(bought in 1993) and now we want to sell the shares in market.
if we dematerialise those shares today and redeem the same after 10 days, are we eligible for tax exemption?
if we dematerialise those shares today and redeem the same after 10 days, are we eligible for tax exemption?
17 September 2014
just converting to demat from physical is not the criteria for the determining whther its long term or short term its from date of acq to date of selling that will decide the period of holding and in this case its ong term capital gain
Message likes :
1 times
17 September 2014
As you hold the shares more than one year eligible for tax exemption.
Message likes :
1 times
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
