Section 10(38)
This query is : Resolved
Bhavik Patel
(Querist)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
