CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply https://www.taxtmi.com/news?id=18134 The notification clarifies that the STT chargeability condition for claiming exemption on long term capital gains from equity share transfers shall not apply to acquisitions entered into on or after 1 October 2004, subject to exclusions for specified transactions (such as preferential issue acquisitions in infrequently traded companies, off exchange acquisitions of listed shares, and acquisitions during delisting), with further exceptions in those categories to protect genuine investors. en-us Tue, 06 Jun 2017 15:38:42 +0530 Tue, 06 Jun 2017 15:38:42 +0530 TaxTMI RSS Generator CBDT notifies transactions for which the condition of chargeability to STT for claiming exemption under Section 10(38) of the Income Tax Act, 1961 shall not apply https://www.taxtmi.com/news?id=18134 The notification clarifies that the STT chargeability condition for claiming exemption on long term capital gains from equity share transfers shall not apply to acquisitions entered into on or after 1 October 2004, subject to exclusions for specified transactions (such as preferential issue acquisitions in infrequently traded companies, off exchange acquisitions of listed shares, and acquisitions during delisting), with further exceptions in those categories to protect genuine investors. News - Tue, 06 Jun 2017 15:38:42 +0530 https://www.taxtmi.com/news?id=18134