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Indexation not available ?

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(Querist)
03 August 2010
Q1.On which asset whther long term or short term indexation benfit is not available ?


Q2. Gain of Rs. 10000 on sale of equity shares which is
Through recogonised exchnage BSE
Subject to STT
Long term holding

Will gain be exempted u/s 10 (38)
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
03 August 2010 1. Indexation benefit is not available on short term investments.

2. Yes, STT paid long term gains are exempt.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
03 August 2010 1. Indexation benefit available on long term assets only except on debentures & bonds.

2. Yes if the share are held for more than 1 year then gain exempt u/s 10(38).
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
03 August 2010 agreed with mr. jha.

STT PAID LTCG is exempt.
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srinath

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srinath (Expert)
03 August 2010 for certain cases even wehre asset is long term no indexation benefit. slump sale 50C, block assets short term capital gain 50, 48 proviso
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