Please clarify Capital gain tax exemption limit of ₹ 1lac on equities is applicable on capital gain earned on listed NCDs maturity value received on maturity
from your query , the following words are noticed by me! and the answer is based on such words::😅😅 -equity -listed section 10(38) provides for full exemption in case of; -long term capital gain(LTCG),on -equity shares/units of an equity oriented fund,where -STT is paid....
LTC Asset= listed equity shares held for more than 12 months! STT= Securities transaction tax(obviously paid by an assessee in case of listed shares)
and sir there is no "limit of 1 lakh ".....hmmmmmm???!!! how could you guess like that???
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