Q. Long term capital gain on sale of equity share through stock exchange (Solved)
1. is exempt u/s 10(38)
2. is exempt u/s 10(37)
3. is covered u/s 111A, hence liable to tax @ 15%
4. is taxable @ 20% and @ 10% if index benefit is not claime
- a. is exempt u/s 10(38)