Capital gain
This query is : Resolved
30 July 2012
Trusts form by the employer for the benefit of employee redeem the shares of unlisted company and transfer its benefit to its employee, I want to know whether employee can opt for Taxation @ 10% on long term capital gain as per proviso to Sec 112 since he is not opting for the indexation or it will be straight away taxed @ 20% since it is shares of unlisted company.
02 August 2012
I am sorry who is holding the shares TRUST or employees? Long term capital gain has occurred to TRUST or employee? Please clarify.
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