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09 June 2019 at 18:17

Ltcg -finance act 2018

At present, the Long term capital gains arising from the transfer of capital assets, being equity shares of a company are exempt u/s 10(38) . However, such transactions are liable to Securities Transaction Tax (STT), which was introduced in year 2004.
It follows that Finance Act 2018 provides that Sec 10(38) will not be applicable to any income arising from the transfer of long-term capital asset, being , an equity share in a company etc made on or after the 1st April 2018.
Sir, I had purchased SBI EQ Shares in the year 1994 & sold these shares in FEB 2019. In view of the above provisions enacted in FINANCE ACT 2018, PLEASE CLARIFY IF the said TRANSACTION MADE ON FEB 2019 COVERS UNDER THE above provisions . Thanks

30 January 2019 at 19:07

Interim budget


12 February 2018 at 14:52

Is dividend on mutual fund taxable ?

Dear Sir,

Whether Dividend on mutual fund taxable without any limit ? if yes, what will be the effective date ? under Budget 2018.
Please clarify.

06 October 2017 at 18:08

Bare Act

In the word Bare Act, what does the word Bare mean?

Dinesh Singh

Dear Experts,

Kindly guide, whether a single bill of Rs.25,000/- can be paid in cash on several dates on or after 01.04.17 ?

OR is there any provision alike the payment is received in cash against a single bill of more than Rs. 2,00,000/- shall attract the penalty ?

i.e. is it so that to make a payment under Rs.10,000/- the subject bill should be under Rs.10,000/-?

Kindly help me out on this matter.

Dinesh Singh

Dear Experts,

Kindly let me know what is the cash receiving limit for the F.Y. 2017-18.


Deep Garg
20 March 2017 at 22:23

Cash expenditure of 10000

Dear Respected Members

Please tell is salary above 10000 can paid in cash or not in fy 2017-18 or not
And if not then please also tell if a employee salary is 15000 can we give him 5000 as cheque and rest 10000 in cash or it should fully in cheque

nawed khan
06 March 2017 at 01:52


can anyone please upload full budget PDF!!

08 February 2017 at 15:39

Cash transaction limit rs,300000/-

Dear Sir ,
pls help me explain the limit of Rs.300000/- fixed for cash transactions . what this limit mean actually . per day or per transaction or per year per transaction or per year per party

Krishna Varshney
03 February 2017 at 19:57

How income is tax free up to 3,00,000

Please tell me how income is now tax free up to 3,00,000 in detail with example.

Answer Query