Capital gain on sale of shares of pvt. co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2012
I have some shares in a private co. acquired in 1987 for rs.20000 now i want to sell the same for rs. 60000. what will be by capital gain tax liability. The whole internet is jumbling me for
1) 20% LTCG with benefit of indexation
2) 10% LTCG without benefit of indexation
further someone argues that flat 20% LTCG without benefit of indexation?
what will be the correct tax implication? and under what rules? plz. help me.
1) 20% LTCG with benefit of indexation
2) 10% LTCG without benefit of indexation
further someone argues that flat 20% LTCG without benefit of indexation?
what will be the correct tax implication? and under what rules? plz. help me.
CA PARAS BAFNA
(Expert)
05 March 2012
For Private company shares....exercise Option 1.
.
.
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