Why the long term capital gain on shares is exempt from capital gain
This query is : Resolved
Eswar Reddy S
(Querist)
16 June 2014
Can any body tell me, why is the long term capital gain on shares is exempt form tax and how to show the same in winman software?
Nikhil Kaushik
(Expert)
17 June 2014
because govt wants long term investment in stock markets to grow.
the same needs to shown in Exempt income
the same needs to shown in Exempt income
Rupesh Jain
(Expert)
17 June 2014
LTCG from shares will exempt if you pay STT on sale transaction. otherwise not exempt. u/s 10(38)
17 June 2014
show it in exempt income schedule.
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