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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2011 Sir,
pls solve my another query we calculate long term capital gain / loss on shares on which STT paid without indexation or with indexation to show in itr.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 July 2011 Capital gain arising from shares on which STT is paid is exempted u/s 10(38) of the Income tax Act,1961. As a corollary to the above, loss is also exempted. Therefore, indexation becomes irrelavant. Amount of gain / loss may be shown under "exempted income" in the ITR.
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