indexation on shares
Online Query (CA Final Student) (120 Points)
03 August 2019
whether indexation is allowed on sale of share on long term.
4 Replies
Shivam RC
(Student)
(23683 Points)
Replied 03 August 2019
In case of Listed Equity Share , the benefit of Indexation is not allowed in case of LTCG.
Refer Section 112A of the Income Tax Act 1961.
10% LTCG Tax is levied in excess of Rs. 1,00,000.
Refer Section 112A of the Income Tax Act 1961.
10% LTCG Tax is levied in excess of Rs. 1,00,000.
Shivam RC
(Student)
(23683 Points)
Replied 11 August 2019
Respected Subhagan Sreerangam Sir,
It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..
Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.
I have no intention to hurt you Sir..
Thank You.
Warm Regards.
It has been noticed for a couple of weeks that you are constantly posting the comment "GOOD CLARIFICATION AND INFORMATION " , for increasing your points. Kindly answer the question asked by the querist without just writing "good clarification and information"..
Please abide the rules and regulations of this group. All the members, employees, executives of caclubindia are trying their level best to make this app as the Best Professional Application.
I have no intention to hurt you Sir..
Thank You.
Warm Regards.
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