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Capital gain tax

09 August 2018

Please clarify Capital gain tax exemption limit of ₹ 1lac on equities is applicable on capital gain earned on listed NCDs maturity value received on maturity

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Anush Ram (160 Points)
Replied 09 August 2018

from your query , the following words are noticed by me! and the answer is based on such words::😅😅
-equity
-listed
section 10(38) provides for full exemption
in case of;
-long term capital gain(LTCG),on
-equity shares/units of an equity oriented fund,where
-STT is paid....

LTC Asset= listed equity shares held for more than 12 months!
STT= Securities transaction tax(obviously paid by an assessee in case of listed shares)

and sir there is no "limit of 1 lakh ".....hmmmmmm???!!!
how could you guess like that???