Capital gain on sale of shares of private limited compnay
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2015
The Indexation benefit is available on sale of shares of a private limited company.
what shall be the rate of tax on such transaction.
what shall be the rate of tax on such transaction.
CA Saurabh Mehta
(Expert)
26 June 2015
Sale of shares of Private Limited Company as it is deemed to be not listed on recognized stock exchange and STT also not have been paid.
Therefore, It is taxed at Normal Rate of Income Tax (i.e. as per slab rate).
Therefore, It is taxed at Normal Rate of Income Tax (i.e. as per slab rate).
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