Capital Gain on Sale of Shares of Unlisted Company

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VIPIN GUPTA (Querist)
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13 November 2021 Sir I have sold shares of the unlisted company which i have received as ESOP before 2020 how will it be taxed and under which section. If i use these proceeds to pay off my housing loan can i get relief from tax or by any other mode my tax be avoided or reduced.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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13 November 2021 The difference between the sale price and FMV on the exercise date is taxed as capital gains.
No. Paying to close Housing loan will not save LTCG, bur check if sec. 54F deduction is eligible in your case.

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