20 August 2019
Respected Members, I have few doubts regarding the applicability of section 112A on units. One of our client said that we can claim exemption even if STT is not paid on Units. 1. is Units of Debt oriented fund covered u/s 112A? 2. can we claim exemption of Rs. 1,00,000 on sale of Units of Debt oriented fund/Equity oriented fund even if STT is not paid on them?