You can get LTCG tax exemption on equity, mutual funds in these cases even if STT is zero

Synopsis

An individual who has sold equity shares and/or equity mutual funds is eligible for tax exemption of up to Rs 1 lakh on long term capital gains. However, LTCG tax exemption can be claimed only if STT was paid at the buying anf selling security. There are certain exceptions where LTCG exemption is applicable even if STT shown in the statement is zero.

If equity shares and equity mutual funds are sold after being held for one year or more, then long-term capital gains (LTCG) up to Rs 1 lakh are exempted from income tax in a financial year. However, this tax exemption is applicable to only those stocks and mutual funds that satisfy certain conditions.

According to the Income-tax Act, 1961, an individual is eligible to claim tax exemption on LTCG from transactions involving equity shares and

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