Menu
Long term capital gain on sale of shares
Is Long Term Capital gain on sale of shares exempt from tax? .
Replies (1)
Long term capital gains arising on sale of shares is exemp under Sec 10(38) only if the conditions under Sec 111A are satisfied:
a. Sale must be thru recognized stock exchange on or after Oct 1, 2004
b. Sale must be subject to payment of STT (Securities Transaction Tax)
If these conditions are not met, LT Cap gains are taxed @ 20% (with indexation) or 10% (without indexation) under Sec 112
Recent Topic
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
- What would be my Salary
- Damage good
- INCOME TAX RETURN
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
Related Topics
CAclubindia
