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Section 10(38) - long term capital gains

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(Querist)
21 May 2013 Kindly guide me regarding the Tax effect on Long Term Capital Gains earned by a Partnership Firm on sale of Shares on which STT has been paid.Will the income be exempted u/s.10(38)for a Partnership Firm also? or is it applicable to Individuals only?
Kindly guide and if you could provide case laws I would Obliged.It is urgent so pls reply.
Thanking You.
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CA Vikas Acharya

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CA Vikas Acharya (Expert)
21 May 2013 exemption available to all assesses and therefore also allowed to partnership firm.
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Hemangi Parekh

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Hemangi Parekh (Querist)
21 May 2013 Thasnk you sir for your reply
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