Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2014
HOW TO COMPUTE CAPITAL GAIN TAX ON STT PAID EQUITY PURCAHSED FROM BSE OR NSE MARKET.
IS THE LONG TERM CAPITAL GAIN IS TAX FREE FOR SHARES OR NOT ?
WHETHER THE CALCULATION WITH INDEXATION OR WITHOUT WHICH IS PREFERABLE ?
IS THE LONG TERM CAPITAL GAIN IS TAX FREE FOR SHARES OR NOT ?
WHETHER THE CALCULATION WITH INDEXATION OR WITHOUT WHICH IS PREFERABLE ?
Nikhil Kaushik
(Expert)
27 July 2014
yes, long term capital gains from sale of shares where STT is paid, is exempt from taxation.
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