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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Copyright software
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
