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capital gain

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(Querist)
31 March 2010 equity Share purchased before year 2004 and sold in year 2007 thru recognised stock exhange (STT Paid) are exempt from ? if yes under which sec



Regards

Divyesh
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Abhishek Baheti

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Abhishek Baheti (Expert)
31 March 2010 It would be exempt if sold after 1 year only. Hence it is exempt.It is exempt u/s 10(38)
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
31 March 2010 agree with expert
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 March 2010 AGREE WITH ABHISHEK
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divyesh

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divyesh (Querist)
31 March 2010 Thanks all experts for prompt reply, I really admire caclubindia for sharing their expertise. Indeed very useful to persons like me.

With Regards
Divyesh
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