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-   -   Capital gains tax (https://www.askmehelpdesk.com/showthread.php?t=241442)

  • Jul 25, 2008, 02:35 AM
    bhattamanish
    Capital gains tax
    If I am a trading company and I have converted my capital asset i.e. shares into stock-in-trade before securities transaction tax became applicable and now I want to sell the same can I save capital gains tax by paying stt as if stt is paid long term capital gains tax is not applicable u/s 10(38) of income tax act 1961.
  • Jul 25, 2008, 04:57 AM
    MukatA
    This related to India taxes. This forum is about the U.S. taxes.

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