Z purchased equity shares in X Ltd. the shares were listed and purchased through stock exchange on 1.10.2018, the broker contract note was dated 8.10.2018 Z sold the shares during P.Y. 2019-20 on 6.10.2019 and gained ₹ 20,000. Choose the correct option:
A. The gains are LTCG as shares held for more than 12 months
B. The gains are LTCG and exempt u/s 112A, as total gain is less than ₹ 1,00,000
C. The gains are STCG counting from 8-10-2017 to 6-10-2018.
D. None of these
Answer:C
Z purchased equity shares in X Ltd. the shares were listed and purchased through stock exchange on 1.10.2018, the broker contract note was dated 8.10.2018 Z sold the shares during P.Y. 2019-20 on 6.10.2019 and gained ₹ 20,000. Choose the correct option:
A. The gains are LTCG as shares held for more than 12 months B. The gains are LTCG and exempt u/s 112A, as total gain is less than ₹ 1,00,000 C. The gains are STCG counting from 8-10-2017 to 6-10-2018. D. None of these