About Capital Gain
This query is : Resolved
M.M Sachora
(Querist)
04 August 2017
Dear sir I want to know that if I sale share which I was purchase 20 year ago but I do not show anywhere but I want to sale now so is that capital gain I shall pay on the same ???? or it is exempt in income-tax (Long term Capital Gain)
K Srinivas, CMA CS
(Expert)
04 August 2017
If the shares are listed on stock exchange and you have paid Security Transaction Tax on such transactions, long term capital gains are exempt
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CA Rashmi Gandhi
(Expert)
04 August 2017
LTCG is exempted u/s 10(38) if STT is paid on sale of shares & sale is made through recognised stock exchange.
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