Gain n Shate
This query is : Resolved
M.M Sachora
(Querist)
15 October 2017
if a person sale old share(listed) which was purchase 10 year ago as of now for RS.27 lack or more so he is liable for capital gain ?? or he can sale same share in small lot bifurcated to different other person so that capital gain reduced on particular person is that good for taxsaving while filing IT return or he can show on whole consideration for one person only without any problem while showing in IT return ???
Ashiwini Ballodia
(Expert)
15 October 2017
It will be shown as LTCG from Listed Equity Share and it will be emempt u/s 10(38)
K Srinivas, CMA CS
(Expert)
15 October 2017
Capital gains on sale of listed equity shares on which securities transaction tax has been paid, is exempt
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