Capital gain on unlisted shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 January 2012
A company holds 100000 equity shares of an unlisted public company which were bought for Rs. 15/- each. Now the Company sold them in 31/- what will be tax liability on this transaction.
sahil jain
(Expert)
25 January 2012
Yes there will definitely be capital gain to the company as the shares have been purchased from an unlisted company.
The exemption is available only if the shares are purchased from a listed company listed on a recognised stock exchange and STT is paid
The exemption is available only if the shares are purchased from a listed company listed on a recognised stock exchange and STT is paid
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