Capital gain
This query is : Resolved
Ca Siddharth Mehta
(Querist)
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.
Amol S Joglekar
(Expert)
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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