19 January 2010
Yes the long term capital gains and the same is exempt only if the same were sold through a recognised stock exchange in India and STT has been paid on the sale
19 January 2010
Yes, Aditya is right it is exempt only if the same were sold through a recognised stock exchange in India and STT has been paid on the sale. If in your case the above is not i.e. no STT has been paid then there is following option 1)if it is security listed in any recognised stock exchange then (a)without indexation benifit you can pay the tax on gain @ 10% (plus applicable SC ED cess) or (b) with indexation benifit on gain @ 20% (plus applicable SC ED cess) the choice is your. 2)If it is not listed securities then with indexation benifit on gain @ 20% (plus applicable SC ED cess
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