Dear Experts,
I have a number of shares purchased through a Portfolio Management Service Company at varying dates from 20 September 2018 to 31 January 2019 and sold off from 1 December 2020 to 15 March 21 in BSE and NSE.
Thus, the shares are held for more than one year qualifying for Long Term Capital Gains. The shares are listed and STT are paid.
Which Section will apply for me – 112 or 112A?
My net capital gain is around Rs. 1.7 lacs; can I get the Rs. 1 lac deduction and only be taxed at 10% for the excess amount of Rs. 0.7 lacs?
Thanks for your valuable advice / guidance.
Ram
CAclubindia
