A ltd is a listed com.these shares were acquired by Mr Rajan on 5-4-2017 @ 100per share.STT was paid both at the time of acquisition as well as at the time of transfer of such shares which was affected through a recon stock exchange.on 31-1-2018 the shares of a ltd were traded on stock exchange (fmv)is 300per share.
Pur no of shares 10000.
sold these shares on 5-4-2019 @ 650 per share.
calculate tax liability and
tell that individual get relief of basic exemption limit
CAclubindia
