Capital gain
This query is : Resolved
19 December 2011
what is the period of holding for tranfered of unlisted shares as per section 2(42A)?
what is tax implication on it?
what is tax implication on it?
Aditya Maheshwari
(Expert)
19 December 2011
short term 1 year long term more than 1 year.
STCG taxable at slab rates LTCG taxable @ 20%.
STCG taxable at slab rates LTCG taxable @ 20%.
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Guest
Guest
(Expert)
19 December 2011
LTCG @ 20% WITH INDEXATION BENEFIT AND @ 10% WITHOUT INDEXATION BENEFIT.
STCG @ NORMAL SLAB RATE.
STCG @ NORMAL SLAB RATE.
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20 December 2011
agree with experts.
Aditya Maheshwari
(Expert)
20 December 2011
Dear Abhishek,
In this link given below you have yourself mentioned that if you have any other opinion then answer otherwise not
https://www.caclubindia.com/experts/tax-payment-by-individual-845240.asp
But you yourself do not seems to follow it. So you are preaching something you are not following yourself.
Dear Neha,
The option to pay tax @ 10% on LTCG without indexation is in case of listed securities only when shares are not sold in stock exchange and not otherwise. Please read the section 112. So your answer to that extent is incorrect.
In this link given below you have yourself mentioned that if you have any other opinion then answer otherwise not
https://www.caclubindia.com/experts/tax-payment-by-individual-845240.asp
But you yourself do not seems to follow it. So you are preaching something you are not following yourself.
Dear Neha,
The option to pay tax @ 10% on LTCG without indexation is in case of listed securities only when shares are not sold in stock exchange and not otherwise. Please read the section 112. So your answer to that extent is incorrect.
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