Capital gain
my question is.... long term capital gain on shares ( STT not paid ) is exemption is availed for sec 10(38).. or long term capital loss on share ( STT not paid) can adjusted against other long term capital gain... plzzzz replyyyy derails
Replies (1)
Long term capital gain on which STT paid for the above transaction is exempted u/s.10(38). If STT was not paid it is taxable at flat rate of 20%. Long term capital loss on sale of shares on which STT Paid can not be set off against Longterm capital gain as If Income exempt, loss also exempt.
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