Udgam Koomar (Tax Technologist) (1949 Points)
20 July 2015Hello Friends, Shares sold in stock exchange where STT is paid and is a LTCG means acquired 20 years back but now sold, for eg bought at 10/- par value in 1995 and now in 2015 sold at 250/- arises 2 queries
(a) Income out of above transaction has to be shown in ITR2 under Exempt income LTCG row or I have to show all this under the Capital Gains sheet.
(b) Do these value have to be indexed or shares sold in BSE are not indexed. Thanx
Nikhil Kaushik
(Fellow CA)
(85743 Points)
Replied 20 July 2015
just show it as exempt income..why bother whether indexation is to be done or not..
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 20 July 2015
Use ITR2 and show that as Exempt Income in row number 3.
CAclubindia
