purchsed shares in 2005 listed.now sold them in april 2016. tax treatment in itr
1 Replies
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 18 January 2017
LTCG will be exempt from the above transaction (through recognised stock exchange) U/S 10(38) provided STT has been paid.Further It should be mentioned in ITR in Exempt income schedule under the line item
"Long-term capital gains from transactions on which Securities Transaction Tax is paid"
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