Gain on sale of shares - LTCG or STCG - Reckoning of date of ...
Shares Sale Gain Classified as Long-Term Capital Gain Due to Original Purchase Date, Not DEMAT Transfer Date.
November 2, 2018
Case Laws Income Tax AT
Gain on sale of shares - LTCG or STCG - Reckoning of date of purchase - shares transferred to DEMAT account - correct timimg of trade - since the shares were purchased much before the date of Demant, gain is in the nature of long term.
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