Capital gain on shares purchased from ipo

Keyur Joshi (Student CA IPC / IPCC) (21 Points)

21 August 2019  

Hii,

I have bought share of HDFC from its IPO in 90s.

I have sold some of the shares from it in 2018-19.

What will be taxability under income tax?

Are shares purchased from IPO in physical form are exempt? or taxable?