Ltcg on sale of shares of a listed company
This query is : Resolved
25 May 2013
AS WE KNOW, LTCG ARISING ON SALE OF SHARES OF A LISTED COMPANY IS EXEMPT UNDER SECTION 10(38). HOWEVER, IF TRADING OF SHARES HAS BEEN SUSPENDED AT STOCK EXCHANGE, CAN THE EXEMPTION U/S 10(38) BE AVAILED.
25 May 2013
The capital Gains is exempt subject to one more condition that the transaction is chargeable to security transaction tax.
.
STT is payable when the transaction is a STT taxable transaction and for that the prime requirement is- it should take place in a recognised stock exchange.
.
As such, the benefits of Section 10(38) would not be available.
.
STT is payable when the transaction is a STT taxable transaction and for that the prime requirement is- it should take place in a recognised stock exchange.
.
As such, the benefits of Section 10(38) would not be available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
