 "Listed shares received through family succession or will of the deceased and acquired till Jan 31 will not attract STT")
The income-tax (IT) department has proposed to exempt employee stock options plans (ESOPs) given till January 31, 2018, from the securities transaction tax (STT), while availing the benefits of grandfathering and threshold exemption in long-term capital gains (LTCG) tax at 10 per cent.
Also, listed shares received through family succession or will of the deceased and acquired till January 31 will not attract STT. The department has sought comments on these proposals by April 30.
There have been queries on whether the 10 per cent LTCG tax will be applicable if STT was not paid at the time of
