Tax on long term capital gain

This query is : Resolved

CA Jaydev Modi (Querist)
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03 April 2016 I have received long term capital gain on sale of long term capital gain of unlisted share and STT is not paid . please let me tell capital gain is exempt under section 10(38) or not. and what is tax rate

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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04 April 2016 No if the same is not STT paid (which can't be there in your case as it is unlisted) so the same is not exempt U/s. 10(38)

Option 1 : With indexation - tax rate is 20%
Option 2 : Without Indexation - tax rate is 10%.

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
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14 May 2016 This would be taxable as per rate explained by Ca Sourabh Sethia. However you may claim tax exemption U/s 54EC by investing in Capital Gain Bond within the specified time duration. For further query, you may logon to www.wealth4india.com or write us at info@wealth4india.com or call @ 9266242424 extn. 1 or 11