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.
Expert :
Anonymous
Expert :
Anonymous
(Expert)
30 May 2018
it will be eligible for exemption u/s 10(38) and not u/s 112A
Querist :
Anonymous
Querist :
Anonymous
(Querist)
30 May 2018
But exemption of Long term capital gain U/S 10(38) is withdrwan in relation to AY 2019-20