banner_ad

Sale of shares

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 June 2014 hello, I want to know the tax treatment on sale of shares. suppose Mr. A has purchased shares of Rs. 1 lakh in 2003 and the price of shares are 4 lakh now. so whether tax is exempt in this case if STT is paid or is it liable for LTCG and how much amount is he liable to pay. Thanks
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
16 June 2014 if STT has been paid, then no capital gains tax is to be levied.

please refer section 10(38) of the Income-tax Act, 1961
Profile Image

Guest

Profile Image

Guest (Expert)
16 June 2014 IF STT Paid, Fully exempted ltcg
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details