Dear all, please tell me what is the tax rate on LTCG on sale of equity shares purchased after Oct.2004 and are listed on recognised stock exchange on which STT is also paid.
Thanks
5 Replies
Nitesh
(Chartered Accountant)
(340 Points)
Replied 13 September 2007
no tax to be paid it is exempt u/s. 10(38)
Ramanathan
(Article Assistant)
(135 Points)
Replied 13 September 2007
when you pay STT capital gains are exempt
Dinessh Kumar
(Articled Asst.,)
(193 Points)
Replied 17 September 2007
Under sec. 10(38), On or after Oct 1, 2004 LTCG is exempt for the above specified condition
Nilesh2006
(17 Points)
Replied 17 September 2007
Under sec. 10(38), On or after Oct 1, 2004 LTCG is exempt if STT ha been paid
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