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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

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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