Long term capital gain on sale of equity share through stock exchange – McqOptions

MCQOPTIONS

1.	Long term capital gain on sale of equity share through stock exchange
A.	is exempt u/s 10(38)
B.	is exempt u/s 10(37)
C.	is covered u/s 111A, hence liable to tax @ 15%
D.	is taxable @ 20% and @ 10% if index benefit is not claimed.
Answer» B. is exempt u/s 10(37)

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