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Capital gains

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(Querist)
28 July 2014 Dear Experts,
Mr. X has sold some unlisted shares purchased in 2010-11. In the process he has made a profit.
How will the same be taxed.
Whether indexation can be applied to unlisted shares?
Whether tax rate will be 10% or 20%?
Thanks
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
29 July 2014 In case of Long Term Capital Gain on sale of unlisted shares applicable tax rate is 20%. Benefit of indexation not available.
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PRAMOD KUMAR

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PRAMOD KUMAR (Querist)
01 August 2014 Dear Experts,
Can anyone explain the logic of denying indexation benefit only for unlisted shares?
Thanks




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