Capital Gain
This query is : Open
M.M Sachora
(Querist)
15 October 2017
Dear sir I have question that if a person sale old share (listed) which was purchase by him more then 10 year ago and value of consideration is about to 2700000 as of now so is that liable to Capital gain under income-tax act or exempt ??? and also he must show in the return after sale of share ??
Ashiwini Ballodia
(Expert)
15 October 2017
It will be shown as LTCG from Listed Equity Share and it will be emempt u/s 10(38)
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