section 10 (38)
This query is : Resolved
05 July 2011
whether it is compulsory to sale shares in the dematerialised form to claim exemption under section 10 (38).
Please reply quickly.
Please reply quickly.
06 July 2011
to claim sec 10(38) the shares should be sold
1) through a recognized stock exchange
2) was held in possession for more than 365 days
3) such sales has suffered security transaction tax.
now sales through recognized stock exchange means you have to sell them through demat channel, as without demat exchange does not accept sales.
1) through a recognized stock exchange
2) was held in possession for more than 365 days
3) such sales has suffered security transaction tax.
now sales through recognized stock exchange means you have to sell them through demat channel, as without demat exchange does not accept sales.
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