purchsed shares in 2005 listed.now sold them in april 2016. tax treatment in itr
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 18 January 2017
LTCG will be exempt from the above transaction (through recognised stock exchange) U/S 10(38) provided STT has been paid.Further It should be mentioned in ITR in Exempt income schedule under the line item
"Long-term capital gains from transactions on which Securities Transaction Tax is paid"
CAclubindia
