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.
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
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- TDS 194R on GST effected
- 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
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
