Long term capital gains on stt paid shares
This query is : Resolved
25 July 2013
I am having long term capital gains on shares on which STT has been paid. I want to use indexation to increase the cost of acquisition and show smaller tax free gains in my return. Is this allowed?
25 July 2013
No Its not allowed.
Sec. 10(38) exempts long-term capital gains on transfer of equity share in a company or a unit of an equity oriented fund, if such transaction is chargeable to STT.
The entire capital gain is exempt.
Sec. 10(38) exempts long-term capital gains on transfer of equity share in a company or a unit of an equity oriented fund, if such transaction is chargeable to STT.
The entire capital gain is exempt.
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25 July 2013
no need to do all such things as per sec 10(38) it is exempted.
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