Shares purchased before stt regime

Sir/Madam,
I had purchased shares of some companies listed on BSE/ NSE in 2001. that time STT was not introduced. Shares were purchased through broker who was member of nse/bse. till date I am holding them in demat account. Now if I sell them, I will have LTCG. Will this LTCG will be exempted from long term capital gain tax? this cofusion is because I have not paid stt while purchasing them.This budget ther was some news that LTCG will be exempted only if stt is paid also while purchasing the shares.

I will be grateful if you advise me on this 

Replies (3)

As per Amendment in section 10(38) of Income tax Act the LTCG is taxable if share of listed company is purchased on or after 1 october 2004 and STT is not paid at the time of purchase.

You had purchased the shares in 2001 so this Amendment is not applicable in your case.

Don't worry about tax. It will be exempt as long as you pay STT on sale.

Thank you Sir

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details