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LTCG on listed shares sold - Exempt or taxable

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(Querist)
15 April 2008 Pls let me know, whehter LTCG on listed shares is Exempt or taxable under I-tax.
Pls give refernece of specific section.
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R.V.RAO

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R.V.RAO (Expert)
15 April 2008 LISTED SHARES SOLD ON RECOGNISED STOCK EXCHANGE AFTER MORE THAN 12 MONTHS HOLDING ON WHICH STT PAID ARE EXEMPT FROM LTCG.
R.V.RAO
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CA Shailesh +91 9393926464

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CA Shailesh +91 9393926464 (Expert)
16 April 2008 Yes. Exempt u/s 10(38)
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Sanjeev Kumar Sharma

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Sanjeev Kumar Sharma (Expert)
16 April 2008 yes i agreed both o u
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Abhishek

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Abhishek (Querist)
16 April 2008 Thanx all
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CA. GOPAL SONIKA

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CA. GOPAL SONIKA (Expert)
20 April 2008 exempt U/s 10(38)
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