IS section 10(38) is applicable for only individual and HUF assessee or applicable for an corporate assessee being a resident company also? In other way, can a corporate investor is liable to tax benefit under this section?
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Section 10(38)
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Section 10(38) is also applicable for companies and any long term gain arising shall be exempt. But for calculating book profit for the purpose of MAT it will be taken into account.
Explain it clearly plz
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