Sale of share (long term)

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Pawan Sharma (Querist)
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22 July 2013 RESPECTED ALL,

ONE OF MY CLIENT RECEIVE RS. 7 LAC ON SALE OF SHARES WHICH SHE RECEIVED FROM HER HUSBAND WHO PURCHASED THAT 20 YEARS BACK. NOW SHE DON'T KNOW THE PURCHASE PRICE TOO. PLZ GUIDE ME IS IT TAXABLE OR NOT, IF TAXABLE HOW CAN I CALCULATE TAX

THANKS & BEST REGARDS

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
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22 July 2013 if STT is paid, LTCG from sale of shares is exempt

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CA UMESH DULAL

CA UMESH DULAL (Expert)
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22 July 2013 Agree wiht pooja jee
if you have sold the shares in recognised stock exchange then STT have been paid for such sale. In that case, capital gain is exempted.

If the shares are not sold through receonised stock exchage then STT not have been paid then you have to pay LTCG

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Pawan Sharma

Pawan Sharma (Querist)
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22 July 2013 thanks Pooja ji,,,, thanks Umesh ji for ur guidance,,,,,,

Pawan Sharma

Pawan Sharma (Querist)
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23 July 2013 ONE THINGS MORE MY CLIENT HAS NO IDEA WHAT IS THE PURCHASE PRICE OF ALL SHARE SOLD I.E RS. 7 LAC, HOW CAN I CALCULATE THE LONG TERM CAPITAL GAIN & WHAT WOULD BE THE AMOUNT OF CAPITAL GAIN

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