exemption u/s 10(38)

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.

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