LTCG on shares held in Trading Account for 12 months

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  1. poojit

    poojit New Member

    Is it necessary to demat the shares for claiming long term capital gain benefit u/s 10 (38)?
     
  2. Neha Sharma

    Neha Sharma Active Member

    LTCG on Shares is exempted if STT is paid on the sale of shares i.e. shares are sold through a stock exchange.

    And to sell the shares through stock exchange - they should be there in your Demat/Trading Account.
     
  3. poojit

    poojit New Member

    They are in the trading account but are not in demat form..
     
  4. Neha Sharma

    Neha Sharma Active Member

    Then its fine.

    It is not necessary for you to transfer them from Trading to Demat Account.
     
  5. poojit

    poojit New Member

    So if i simply hold them for 12 months, they are eligible for exemption
     
  6. Neha Sharma

    Neha Sharma Active Member

    Yes, if you simply hold them in your Trading Account for 12 months - No Tax would be levied on the sale of such shares.
     
    sai tejesh(ca.final) likes this.
  7. poojit

    poojit New Member

    Thank you so much for your replies....
     
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