Capital Gain

Tax queries 718 views 8 replies

Hi
I have some shares of an company listed on BSE & NSE...
The shares are purchased on 01/08/1990...if i sell them now would it be taxfree income???

I have not Paid STT since it was introduced in the year 2003-04 and the purchase year was 1990-91....

What should I do to enjoy it as Taxfree income????

Replies (8)

U will have to pay STT at the time of selling to make it taxfree.......

agreed with Mr. Chirag...

The income to be exempted under Sec 10(38), should be STT suffered at the time of sale of shares.

You can also refer to our detailed videos at www.corporateeducation.in to learn more about income from Capital Gains

Agree with Mr.  Chirag

if at the time of sell if you pay stt .............then this ltcg is tax free ......... there is no prov. to pay stt at the time of purchase.

Agree with Mr.  Chirag

yes,  i am also agree with Mr. Chirag


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