Nature of Income
Long term capital gains on transfer of eligible equity shares
Conditions laid down for Tax Exemption u/s 10(36)
The transfer took place after 1.3.2003 but before 1.3.2004.
Transactions are entered into on a recognized stock exchange
eligible equity shares mean
share of company being part of BSE-500 as on 1.3.2003
shares of company allotted in public issue on or after 31.3.2003 and the company is listed on recognized stock exchange before 1.3.2004