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Sir for equity shares indexation benefit is available or not?
Answers (9)
Thread Starter
Balaji RCan you please tell why in this sum indexation benefit is taken, while STT is paid. If we paid STT means then indexation benefit is not available only know?
STT must be paid on both acquisition and transfer of equity shares. Then only indexation benefit is not available. STT was introduced in 2004. In the above question, R purchased equity shares in 2002-03. It means he did not paid STT at the time of acquisition. Hence, Indexation is available.
Yoga Vishnu
STT must be paid on both acquisition and transfer of equity shares. Then only indexation benefit is not available. STT was introduced in 2004. In the above question, R purchased equity shares in 2002-03. It means he did not paid STT at the time of acquisition. Hence, Indexation is available.
Sir where this provision are stated? In our IL NOTES this provisions are not stated.
Thread Starter
Balaji RSir where this provision are stated? In our IL NOTES this provisions are not stated.
No Indexation benefit in case of LTCG arising from transfer of (i) Equity shares on which STT is paid at the time of acquisition and transfer. It was given in Capital gains chapter. After Section 48
Yoga Vishnu
No Indexation benefit in case of LTCG arising from transfer of (i) Equity shares on which STT is paid at the time of acquisition and transfer. It was given in Capital gains chapter. After Section 48
Yes sir this one is there in our IL notes. But iam asking for this sentence "STT is introduced in 2004" How do i know this kind of enactments
Thread Starter
Balaji RYes sir this one is there in our IL notes. But iam asking for this sentence "STT is introduced in 2004" How do i know this kind of enactments
These kind of enactments are not usually tested in CA Inter. So, it was given as one of the illustrations in additional illustrations. You can make a note of it in your notes. Happy reading.
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