LTCG on
Equity shares, Equity oriented fund , Business trust fund
👆 this r eligible for exemption or any amendment ???
Amendment as per Finance act 2018, refer sec. 112A ...
Jaisika Kukreja (216 Points)
16 November 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174763 Points)
Replied 16 November 2018
Amendment as per Finance act 2018, refer sec. 112A ...
Jaisika Kukreja
(216 Points)
Replied 16 November 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174763 Points)
Replied 16 November 2018
The amendment is effective from AY 2019-20.
So, for AY 2018-19... exemption u/s. 10(38) is available.
Jaisika Kukreja
(216 Points)
Replied 16 November 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174763 Points)
Replied 16 November 2018
Read:: act...
(38) any income arising from the transfer of a long-term capital asset, being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust where—
(a) the transaction of sale of such equity share or unit is entered into on or after the date on which Chapter VII of the Finance (No. 2) Act, 2004 comes into force; and
(b) such transaction is chargeable to securities transaction tax under that Chapter :
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