She bought shares for Rs 13.5 lakh and sold them for Rs 77.47 lakh after 18 months; taxman denied capital gains exemption, but ITAT gives relief and deletes Rs 79 lakh in additions
The case concerned a woman who claimed an exemption on long-term capital gains of Rs 65.41 lakh from the sale of shares. (Image for representative purpose only) You buy shares in a company and after over a year you sell them. In between the company also issues bonus shares, taking your total holdings up. You…
