Long term capital gain taxation u/s 112a

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2018 Whether shares purchased prior to 2004 when STT was not applicable will be eligible for exemptions U/S 112A & 10% tax will be applicable when sold. If not what will be Cost of acquisition : Indexed cost or FMV as on 31/1/2018.

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Expert : Anonymous

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30 May 2018 it will be eligible for exemption u/s 10(38) and not u/s 112A

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Querist : Anonymous

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30 May 2018 But exemption of Long term capital gain U/S 10(38) is withdrwan in relation to AY 2019-20


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