exemption u/s 10(38)

Can exemption u/s 10(38) be claimed on sale of shares of a foreign company which is traded outside India on which securities transaction tax is paid by the assessee?

Replies (7)

Exemption u/s 10(38) is applicable only in respect of STT paid in our country on sale of shares held for more than 1 year 

In terms of section 10(38) of the Income Tax Act, 1961, any income arising form transfer of Long term capital asset, being an equity shares in a company or unit of equity oriented fund which is chargeable to securities transaction Tax are exempt form Tax.

agree with mr. aditya maheshwari ji

ya, i agree with mr. maheshwari.

 any gain arising out of sale of capital asset being hold for more than 1 year & on which STT to be paid by exempt form tax by virtue of sec 10(38). not for foreign trading.

the exemption u/s 10(38) can be claimed by the assessee

Can exemption be claimed on the basis of SEC commission and taxes withheld in respect of shares traded on a stock exchange in USA?

KYA FIX DEPOSITE S RECEIVE INTEREST BHE ISMA ATA HAI SENEIOR CITIZEN K LIYA 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details