Tax Planning Tip -5 Long Term Capital Gain long Term Capital Gain on Equity Shares is exempt if STT is paid u/s 10(38). But if you are squaring off your holding and incurring any Long Term Loss in it, than it is better to sell it in open market rather than on exchange, i.e. without paying STT so that you can carry forward that loss for next 8 Years and that can be set off against your future taxable Long Term Capital Gains. Tax Saving : 20.60% of the Loss Amount Set off.
Posted on: Tue, 11 Mar 2014 06:32:27 +0000
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