Hi ,
I sold 400 shares Ril for Rs1480 in May 2020.
I was holding this shares for more then a decade.
I have not invested in shares after this sale.
My question are
1)how to compile LTCG for this sale
My annual income is 2 Lakhs only (including dividend interest etc. I am 60 and retired
Do I need to invest 1 Lakh in shares to claim exemption allowed in LTCG pl help
Thanking you Sridhar
Are you sure.
As per this article
https://www.financeminutes.com/ltcg-calculation-31st-jan-2018-share-price-list-tips-all-
need-know/
For all the long term capital gains accrued post 01.04.2018, taxpayers will have an exemption of Rs. 1,00,000. This exemption is only available to the individual taxpayers and not the corporate or partnership firms. Gains above Rs. 1,00,000 will be taxed at the reduced rate of 10% irrespective of the balance income of the taxpayer in the respective year.
need-know/
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