Sale of share (long term)
This query is : Resolved
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
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
22 July 2013
if STT is paid, LTCG from sale of shares is exempt
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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
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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22 July 2013
thanks Pooja ji,,,, thanks Umesh ji for ur guidance,,,,,,
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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