Section 10(38)
This query is : Resolved
12 March 2014
if the company directly alloted the share to the shareholder without paying securities transaction tax and the same share is sold by the share holder will shareholder get the exemption u/s 10(38)
12 March 2014
If the shareholder sells the shares on a recognised stock exchange, then he is eligible for exemption.
The condition is that STT should be paid at the time of SALE.
There is NO condition that STT should also be paid at the time of purchase.
The condition is that STT should be paid at the time of SALE.
There is NO condition that STT should also be paid at the time of purchase.
12 March 2014
there is no connection between what u have said bhavik,,,,it is at the time of sale u need to check whether stt at time of purchase is paid or not.
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