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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

LTCG - period of holding - purchase of share directly between ...


Long-term Capital Gains on Direct Share Purchase: Holding Period Over 12 Months Qualifies for LTCG.

July 8, 2019

Case Laws     Income Tax     AT

LTCG - period of holding - purchase of share directly between the parties and not through stock exchange - as per documents filed, since the actual delivery of shares took place along with transfer deeds/contract bills, so that date should be considered the date of transfer i.e 30.03.2012 - scrips was admittedly sold on 16.08.2013 after more than 12 months - LTCG

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