capital gain on share sale of a private ltd. company
This query is : Resolved
CA VINOD JAIN
(Querist)
18 June 2007
We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .
if tr. them before one year and if tr. them after one year
if we can reduce the tax liability how it possible
pls reply members
vinodjainca@hotmail.com
We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .
if tr. them before one year and if tr. them after one year
if we can reduce the tax liability how it possible
pls reply members
vinodjainca@hotmail.com
Koteswara Rao C V
(Expert)
18 June 2007
In case of shares in private limited company capital gains on transfer for less then 12 months liable for tax at rate 30 % as normal tax and in case transfer after 12 months being long teram capital gains and tax at rate of 20 % after indexation of cost for arriving capital Gains.
CA BHARATH KUMAR
(Expert)
17 July 2012
KOTESWARA SIR REPLY CORRECT AND AGREE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- Section 269ST applicability for capital introduced by partner to his partnership firm
- TDS- 2026-27 Q1 Correction
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
