Sale of shares
This query is : Resolved
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
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
please refer section 10(38) of the Income-tax Act, 1961
Guest
Guest
(Expert)
16 June 2014
IF STT Paid, Fully exempted ltcg
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