Capital gain on sale of shares of private limited compnay

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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.

CA Saurabh Mehta

CA Saurabh Mehta (Expert)
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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).

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