Capital Gain

Tax queries 648 views 8 replies
User Avatar

article
402 Points Joined August 2010

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????

Reply Share Follow
On 14 January 2011 at 16:16 Report
Replies (8)
User Avatar

Chartered Accountant
902 Points Joined February 2009

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

1 Reply
On 14 January 2011 at 16:21
User Avatar

Service Tax
3746 Points Joined August 2008

agreed with Mr. Chirag...

Reply
On 14 January 2011 at 17:21
User Avatar

CA
770 Points Joined July 2008

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

Reply
On 14 January 2011 at 17:24
Guest

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

Reply
On 14 January 2011 at 23:14
User Avatar

Accountant
77 Points Joined September 2010

Agree with Mr.  Chirag

Reply
On 16 January 2011 at 12:34
User Avatar

CA final student
68 Points Joined January 2010

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.

Reply
On 16 January 2011 at 15:42
User Avatar

ACA
1006 Points Joined May 2010

Agree with Mr.  Chirag

Reply
On 18 January 2011 at 15:27
User Avatar

CA final Student
337 Points Joined December 2009

yes,  i am also agree with Mr. Chirag

Reply
On 20 January 2011 at 14:07


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading