Ltcg exemption

LTCG is exempted upto Rs.100000/- in a Financial year under which section 112A or 112A(2)(I)?
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Quick Summary
This discussion clarifies the exemption for Long-Term Capital Gains (LTCG) up to Rs. 100,000 per financial year. The exemption is specifically provided under Section 112A(2) of the Income Tax Act. It applies to capital gains arising from the transfer of equity shares, units of equity-oriented funds, or business trusts, provided Securities Transaction Tax (STT) has been paid.

Exemption of Rs. 100000 is provided under 112A(2) if capital gains arise from the transfer of a long-term capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust on which STT is deducted

Note that all sub-sections are under main section 112A .

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