Confirmation required
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2012
Kindly confirm:
1) Sec 111A is valid if Assessee has short term Capital gain on sale of Shares of Companies Listed in NSE/BSE, ie. in Demat form?
2) What is 'Amount deemed to be LTCG under Sec 54EC'?
Many thanks & regards!
1) Sec 111A is valid if Assessee has short term Capital gain on sale of Shares of Companies Listed in NSE/BSE, ie. in Demat form?
2) What is 'Amount deemed to be LTCG under Sec 54EC'?
Many thanks & regards!
04 August 2012
1. Demat Format Shares -is not the necessary condition.
.
On the sale transaction STT must have been paid through.
.
2. Amount deemed to be may have been referred in the context of long term depreciable assets. As you know that, on sale of Depreciable assets STCG is arising. But for the purpose of Section 54EC, the Dep. Asset older than 3 years is treated as LTCA.
.
.
On the sale transaction STT must have been paid through.
.
2. Amount deemed to be may have been referred in the context of long term depreciable assets. As you know that, on sale of Depreciable assets STCG is arising. But for the purpose of Section 54EC, the Dep. Asset older than 3 years is treated as LTCA.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Short Term Gain Reporting ITR
- GST ISD Query on various AMCs
- TDS refund Indemnity Bond
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
