Ltcg on listed shares sold

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Viral Kamdar (Querist)
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04 August 2015 I have a confusion regarding LTCG on sale of Listed shares.

LTCG earned on listed securities is exempt u/s 10(38) if STT is paid.

Other section, i.e. sec 112 says that tax shall be imposed @20% with Indexation, or @10% without indexation, if the transfer takes place on or before 10/07/2014.

So, which section prevails if I have sold listed shares in F.Y. 2014-15, which were bough 2 years ago?

Please inform.

Thanks.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 August 2015 For listed securities LTCG is exempted u/s 10(38). Sec 112 is applicable for unlisted securities.
In your case it is exempted being listed shares.

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Viral Kamdar

Viral Kamdar (Querist)
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04 August 2015 Thanks for your reply.

I have another query in this regard. In case of Long Term Capital Loss on sale of Listed shares, then where this loss is to be shown in ITR-2.

Do we need to see this with minus (-) sign anywhere in ITR-2?

Please inform.
Thanks.