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Long term capital gain
Credited into Bank for Rs 8,75,000/- on sale of shares in the year May'2015.Those shares can not identify the year of purchase on 2000/2004,have any income tax payable on such capital gain.The amount received through Demat account.
Replies (2)
No. Totally exempt, but provide some records of being purchased before 12 months (AY 2016-17 return not filed yet? or any query from department!!!)
Statement of DMAT A/C will help, also save a copy of bank statement, when the shares were purchased.
Thanks
Anubhav Jain
anubhavjain441 @ gmail.com
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