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Capital gain on non listed shares

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(Querist)
21 February 2013 an assessee has sold non listed shares (no STT paid).will he get exemption under section 54F
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Ankit

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Ankit (Expert)
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...
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Ankit

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Ankit (Expert)
22 February 2013 you are welcome Mallika
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CA Ayush Agarwal

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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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