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Long-Term Capital Gains On Shares : Exemption under Section - 10 (36)

[Investment In Shares, Securities, Units And Other Activities, etc. by an NRI in India]

The Finance Act, 2003 provides that any long-term capital gain regarding eligible equity shares in a company and purchased on or after 1-3-2003 but before 1-3-2004 would be exempt from tax. Eligible equity share means (i) any equity share in a company being a constituent of BSE-500 Index of the Stock Exchange, Mumbai as on 1-3-2003 and such transaction of purchase and sale are entered into on a recognised stock exchange in India; and (ii) any equity share in a company allotted through a public issue on or after 1-3-2003 and listed in a recognised stock exchange in India before 1-3-2004 and such transaction is entered into on a recognised stock exchange in India.

 
Investment In Shares, Securities, Units And Other Activities, etc. by an NRI in India
1. The salient features of Foreign Exchange Management (Transfer or Issue of Security by a person resident outside India) Regulations, 2000
2. Foreign Direct Investment Scheme
3. Investment by Foreign Institutional Investors (FIIs) under Portfolio Investment Scheme
4. Portfolio Investment Scheme for NRIs on Repatriationlnon-Repatriation Basis
5. Purchaselsale of Shares and Convertible Debentures by NRIs on Non-Repatriation Basis
6. Purchase and Sale of Other Securities
7. Long-Term Capital Gains On Shares : Exemption under Section - 10 (36)
8. Other Regulations :  under Foreign Exchange Management (Transfer or issue of Security by a Person Resident Outside India) Regulations
 
 
 
 
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