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Capital gain

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(Querist)
21 August 2013 if there is long term capital gain on shares then is indexation should be applicable?
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Ankit

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Ankit (Expert)
21 August 2013 Dear Divya,

LTCG on shares sold on stock exchange is exempt. hence, there is no question of indexation.
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Divya Shah

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Divya Shah (Querist)
21 August 2013 yup. it is exempt. but i need to calculate exemption amount. so for calculating exemption amount, indexation is applicable?
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Ankit

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Ankit (Expert)
21 August 2013 no divya...no indexation is to be taken...
the exempt amount is to be taken directly...as in sale consideration less the cost
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Divya Shah

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Divya Shah (Querist)
21 August 2013 ohk..!!! if investor is selling shares to other investor, den whts d case?
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Ankit

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Ankit (Expert)
21 August 2013 yes..if it is being sold outside the stock exchange, then the Indexation benefit can be taken.

since the shares are listed, you can either choose to go for indexation wherein the tax rate will be 20%
or not go for indexation, then the rate will be 10%
you can choose whichever is beneficial to you.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 August 2013 Cost of shares can be indexed, irrespective of listed or not, as per the 2nd proviso to section 48.
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Divya Shah

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Divya Shah (Querist)
23 August 2013 THANK YOU EXPERTS ANKIT AND B.CHACKRAPANI WARRIER.
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