capital gain on share sale of a private ltd. company

This query is : Resolved 

(Querist) 18 June 2007

We are having a co.share and want to sell them on a higher price
what will be the tax liablility .

if tr. them before one year and if tr. them after one year

if we can reduce the tax liability how it possible

pls reply members

Koteswara Rao C V (Expert) 18 June 2007

In case of shares in private limited company capital gains on transfer for less then 12 months liable for tax at rate 30 % as normal tax and in case transfer after 12 months being long teram capital gains and tax at rate of 20 % after indexation of cost for arriving capital Gains.

CA BHARATH KUMAR (Expert) 17 July 2012


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