Mrs laxmi purchased shares of ABC Ltd. for rs 5Lakh On april 3 2015
sold them on 5th june,2016 for 7 lakh
she paid STT rs 700
and brokerage rs 500
amt chargeable to tax?
4 Replies
Ashish Gangawani
(Chartered Accountant | Lawyer | Master O)
(88 Points)
Replied 02 June 2017
I think exempt u/s 10 (38)
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 02 June 2017
LTCG on sale of share on which STT paid is exempt u/s 10(38).
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