Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2011
CAN I TAKE BENEFIT ON CALCULATION OF CAPITAL GAIN UNDER OPION 1 AND OPTION 2 FOR SALE OF SAHERS OF PRIVATE COMPANY [SHARES NOT LISTED ON STOCK EXCHANGE].
THANKS & REGRADS.
SATYAM
THANKS & REGRADS.
SATYAM
02 October 2011
Long Term Capital Gain exemption u/s 10(38) is only on sales of Listed Shares, subject to payment of STT. Since shares of private company are not listed, exemption of LTCG cannot be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Reporting of STCG on Property in ITR
- Form 10BD Filling
- Not able to file ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
