Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2018
Sir
I am a share holder of a private limited company since incorporation. Now the book value of each share is Rs. 80 and face value is Rs. 10. Can I transfer some of my share to other person (not relative) at face value. If yes then how much tax I have to pay or the buyer have to pay.
I am a share holder of a private limited company since incorporation. Now the book value of each share is Rs. 80 and face value is Rs. 10. Can I transfer some of my share to other person (not relative) at face value. If yes then how much tax I have to pay or the buyer have to pay.
18 August 2018
no you cannot. however, you should look at the indexed value. the gap between indexed value and book value will be considered as other income for the recipient and capital gains for the seller.
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