Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 September 2011 CAN I TAKE BENEFIT ON CALCULATION OF CAPITAL GAIN UNDER OPION 1 AND OPTION 2 FOR SALE OF SAHERS OF PRIVATE COMPANY [SHARES NOT LISTED ON STOCK EXCHANGE].

THANKS & REGRADS.

SATYAM

Preety Parik

Preety Parik (Expert)
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02 October 2011 Long Term Capital Gain exemption u/s 10(38) is only on sales of Listed Shares, subject to payment of STT. Since shares of private company are not listed, exemption of LTCG cannot be claimed.