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AMIT
( Author )
03 August 2010
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Q1.On which asset whther long term or short term indexation benfit is not available ?
Q2. Gain of Rs. 10000 on sale of equity shares which is
Through recogonised exchnage BSE
Subject to STT
Long term holding
Will gain be exempted u/s 10 (38)
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CMA. Subhash Kumar Jha
( Expert )
03 August 2010
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1. Indexation benefit is not available on short term investments.
2. Yes, STT paid long term gains are exempt.
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Aditya Maheshwari
( Expert )
03 August 2010
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1. Indexation benefit available on long term assets only except on debentures & bonds.
2. Yes if the share are held for more than 1 year then gain exempt u/s 10(38).
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CA. BIJENDER KR. BANSAL
( Expert )
03 August 2010
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agreed with mr. jha.
STT PAID LTCG is exempt.
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srinath
( Expert )
03 August 2010
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for certain cases even wehre asset is long term no indexation benefit. slump sale 50C, block assets short term capital gain 50, 48 proviso
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