Capital gain on non listed shares
This query is : Resolved
Mallika Shah
(Querist)
21 February 2013
an assessee has sold non listed shares (no STT paid).will he get exemption under section 54F
21 February 2013
Dear Mallika,
I think the exemption can be taken since the section uses the term ANY long term asset. except residential house...
I think the exemption can be taken since the section uses the term ANY long term asset. except residential house...
Message likes :
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CA Ayush Agarwal
(Expert)
22 February 2013
But Time Gap in Between Date of Acquisition and Date of Sale is to be Minimum 3 Years. (Not 1 Year in Your Case)
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