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Why the long term capital gain on shares is exempt from capital gain

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(Querist)
16 June 2014 Can any body tell me, why is the long term capital gain on shares is exempt form tax and how to show the same in winman software?
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
17 June 2014 because govt wants long term investment in stock markets to grow.

the same needs to shown in Exempt income
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Rupesh Jain

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Rupesh Jain (Expert)
17 June 2014 LTCG from shares will exempt if you pay STT on sale transaction. otherwise not exempt. u/s 10(38)
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 June 2014 show it in exempt income schedule.

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