Shares purchased before stt regime

Malhar Deshpande (211 Points)

26 June 2017  

Sir/Madam,
I had purchased shares of some companies listed on BSE/ NSE in 2001. that time STT was not introduced. Shares were purchased through broker who was member of nse/bse. till date I am holding them in demat account. Now if I sell them, I will have LTCG. Will this LTCG will be exempted from long term capital gain tax? this cofusion is because I have not paid stt while purchasing them.This budget ther was some news that LTCG will be exempted only if stt is paid also while purchasing the shares.

I will be grateful if you advise me on this