Incomes NOT included in Total Income u/s 10 (38) of IT Act

24 Feb 2012, 00:29 IST
A summary will be written here, later on, in simple words for easy understandability. However, it may take time, and I am not sure when exactly will that be. For the time being, kindly use the following attachments which have been extracted from Income Tax Act and Income Tax Rules:

(1) 2012-01-25-pdf/Securities-Transaction-Tax-and-Capital-Gains-Sec-10-NOT-included-in-Total-Income.pdf
(2) 2012-01-25-pdf/Securities-Transaction-Tax-and-Capital-Gains-Sec-10-IT-Act-Clause-38.pdf
(3) 2012-01-25-pdf/Securities-Transaction-Tax-and-Capital-Gains-pg-1-and-2.pdf
(4) 2012-01-25-pdf/Securities-Transaction-Tax-and-Capital-Gains-pg-26-to-28-Chap-VII.pdf
(5) 2012-01-25-images/Securities-Transaction-Tax-and-Capital-Gains.png

ॐ श्रीनारायण शरणम् ! Om Shri Naaraayan' Sharanam !
कायेन वाचा मनसेन्द्रिऐवा बुध्यात्मना वा प्रकृते स्वभावात । Kaayen' Vaachaa Man'sendriaiyaa Budhyaat'manaa vaa Prakrite Swabhaavaat'
करोमि यद् यद् सकलं परस्मै नारायणायेति समर्पयामि ।। Karomi Yad Yad Sakalam Parasmai Naaraayanaayeti Samarpayaami

Long Term Capital Gains from Sale of Equity or Units on which STT has been paid (conditions apply)