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Sale of private limited co. shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2015 Dear All,
one of my relative selling his private ltd co. entirely. the shares are also selling to opposite party. my query is whether the sale consideration received from sale of shares is taxable or not if yes then under the hands of company or individual shareholder?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 October 2015 Sale consideration is taxable under individual shareholder.

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