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Long term capital gains on private limited company sahres

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 February 2013 What is the tax rate on long term capital gains arising out of sale of a private limited company shares. Can I pay tax @ 10% with out claiming indexation benifit on cost of purchase.
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
26 February 2013 Proviso to section 112 applies to listed securities.

Paying tax @ 10% without claiming indexation benefit would not be applicable to shares in a private company.

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