LTCG
This query is : Resolved
Querist : Anonymous
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.
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.
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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