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capital gains on equity
I purchased 100 shares of a listed company in 2010. Now I intend to sell them through stock exchange. Pl. advise how to treat the gains on sale. Can it be treated as exempted income.
Replies (4)
If you sale share after 1 year of holding through recognised stock exchange & pay STT on it then any LTCG arises on such transaction is exempted u/s 10(38).
I agree with Rashmi Gandhi.
Thanks for the prompt reply
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