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
Preety Parik
(Expert)
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.
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