Indexation benefits are available for long-term equity shares if they are sold without paying STT, meaning they weren't traded on a recognised exchange. However, this benefit does not apply to equity mutual fund units, as STT is always deducted for these.
23 July 2023
Yes, when the sale of shares is without STT payment (i.e not through recognized exchange) Not otherwise. For MF unit STT is always deducted so not eligible.