Capital gain on sales of shares of private limited co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2011
mr. x(indian resident)is holding shares in pvt. ltd. since last 20 years. he is selling the shares during the F.Y. 2011-12.
Whether he can avail benefit of indexation or not ? and what will be the rate of tax?
Whether he can avail benefit of indexation or not ? and what will be the rate of tax?
CA Navin Jain
(Expert)
22 November 2011
in your case long term capital gail will be come. you can avail the benefit of indexation. Rate of Tax is 20%
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