LONG TERM CAPITAL GAIN AND TAX LIABILITY

Learned Members,

We had purchase some shares (physical) worth Rs 25000 in the year 1990

After getting dmated in year 2010, we had sold the shares, paid STT and earned Rs 200000 from the said shares...

We have not paid any tax at time of purchase or selling except STT.

We have received a notice from the IT department for the said year

Do we need to pay LTCG??
Are we supposed to pay any other taxes??

Thanks in advance.....
Replies (2)

IF YOU PAID STT ON SALE OF SHARE THE INCOME HAS BEEN EARNED IS FULLY TAXFREE.

THE NOTICE HAS BEEN ISSUED  FOR OTHER REASON 

 

Thank you Sir Sanjay Chavda

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details