Hii,
I have bought share of HDFC from its IPO in 90s.
I have sold some of the shares from it in 2018-19.
What will be taxability under income tax?
Are shares purchased from IPO in physical form are exempt? or taxable?
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Capital gain on shares purchased from ipo
Replies (2)
Taxable.
Sale of shares will be taxed as per LTCG tax provisions. Take FMV as on 31.1.2018 which will be your cost and take sale price. The difference will be LTCG and you get 1 lakh basic exemption. Balance is taxable as LTCG
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