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LTCG on Shares

CA Final 339 views 6 replies
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60 Points Posted on 18 July 2018
Is ltcg on equity shares exempt and ltcg on equity mutual fund is exempt ?
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On 18 July 2018 at 18:42 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 18 July 2018

Yes  

 

1 Reply
On 18 July 2018 at 18:59
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Chartered accountant
103 Points Posted on 19 July 2018
This securities are subject to stt hence exempt from ltcg
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On 19 July 2018 at 07:55
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60 Points Posted on 19 July 2018
Thankyou sir... if it is not subject to STT , then it is taxable as ltgc?
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On 19 July 2018 at 09:02
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SEO Sai Gr. Hosp.
211715 Points Posted on 19 July 2018

Yes at 20% .....

 

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On 19 July 2018 at 09:14
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60 Points Posted on 19 July 2018
sir.. if it is interday trading and stt is paid , the total of profit and loss of shares are taken as turnover and we show it as persumptive turnover and we calculate the profit... is it right ,? or it is wrong what's the way to show that income ,?
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On 19 July 2018 at 13:32
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SEO Sai Gr. Hosp.
211715 Points Posted on 19 July 2018

No. For intraday transactions the net difference of trades is aggregated to arrive at Turnover.

Its speculative business, eligible for sec. 44AD with minimum profit margin of 6% over the turnover.

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On 19 July 2018 at 14:06


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