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Long term capital gains on stt paid shares

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(Querist)
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?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 July 2013 no need to do all such things as per sec 10(38) it is exempted.
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