Long term capital gain
This query is : Resolved
17 September 2014
dear experts,
is it necessary to hold shares for 1 year in demat account for claiming exemption?
or
Period of holding calculated from the original date of acquisition?
is it necessary to hold shares for 1 year in demat account for claiming exemption?
or
Period of holding calculated from the original date of acquisition?
17 September 2014
yes u need to held it to make it on long term capital asset
17 September 2014
what if my dad hold reilance shares(bought in 1993) and now we want to sell the shares in market.
if we dematerialise those shares today and redeem the same after 10 days, are we eligible for tax exemption?
if we dematerialise those shares today and redeem the same after 10 days, are we eligible for tax exemption?
17 September 2014
just converting to demat from physical is not the criteria for the determining whther its long term or short term its from date of acq to date of selling that will decide the period of holding and in this case its ong term capital gain
Message likes :
1 times
CA R SEETHARAMAN
(Expert)
17 September 2014
As you hold the shares more than one year eligible for tax exemption.
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
