Capital gain
This query is : Resolved
29 May 2012
X ltd bought 2500 shares of Y company at Rs. 10. ( Long term shares)
Now Y company wants to buyback the shares by delisting its shares from nse @ rs. 35 .
Please tel me the what will be the tax impliaction on such profits. And what would be the tax plannning.
X ltd bought 2500 shares of Y company at Rs. 10. ( Long term shares)
Now Y company wants to buyback the shares by delisting its shares from nse @ rs. 35 .
Please tel me the what will be the tax impliaction on such profits. And what would be the tax plannning.
29 May 2012
Since the shares are sold directly to the company, STT will not be paid and accordingly the long term capital gain shall not be exempt.
The long term capital gain shall be taxable in the hands of the shareholder.
The long term capital gain shall be taxable in the hands of the shareholder.
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