Tax on long term capital gain

This query is : Resolved

CA Jaydev Modi (Querist)
Follow

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)
Follow

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)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. MOHIT SHARMA

prakash takane

RAMBIR singh

ANJANA PALIYATH

Mahesh Balanthimugaru

Subscribe Now

Tax on long term capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA