equity Share purchased before year 2004 and sold in year 2007 thru recognised stock exhange (STT Paid) are exempt from ? if yes under which sec
Regards
Divyesh
equity Share purchased before year 2004 and sold in year 2007 thru recognised stock exhange (STT Paid) are exempt from ? if yes under which sec
Regards
Divyesh
10(38)
Assuming you meant capital gains
Dear Sir.....
Long Term Capital Gains on transfer of shares routed through stock exchange and STT is paid is exempt from tax u/s 10 (38)........
IF THE ASSESSEE IS A DEALER IN SHARES THEN WILL IT BE CHARGED AS CAPITAL GAIN OR PGBP?
| Originally posted by : C.Balaji | ||
 |
Dear Sir..... Long Term Capital Gains on transfer of shares routed through stock exchange and STT is paid is exempt from tax u/s 10 (38)........ |
 |
Dear Shuvro......
If the assessee is a dealer in shares then it will be cahrged as PGBP...........
If shares held as stock in trade then PGBP and then gain not exempt and if shares held as investments long term capital gains on sale of shares on which STT paid exempt u/s 10(38)
| Originally posted by : G K | ||
|
|
10(38) Assuming you meant capital gains |
|
agree
thnkx 2 all
CAclubindia
