Long Term capital Gain Under Sec 10(38)
This query is : Resolved
27 June 2009
Hai all ,
Under the above section ( Section 10 (38)) , kindly clarify , if the entire amount of Long term capital gain exempted ? If there is any new amendments , let me know?
Under the above section ( Section 10 (38)) , kindly clarify , if the entire amount of Long term capital gain exempted ? If there is any new amendments , let me know?
CA.SHAHZAD SAYYED
(Expert)
27 June 2009
Dear Aruldas
if LTCG arises from Sale of Securities, Shares in Recognised Stock Exchange then entire Gain are exempted u/s 10(38)
if LTCG arises from Sale of Securities, Shares in Recognised Stock Exchange then entire Gain are exempted u/s 10(38)
27 June 2009
entire amount is exempt
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