Capital gain tax

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randhir sahney (Querist)
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01 September 2013 I was gifted 50000 shares of a private limited company (not listed in any exchange)
by my mother 3 months back. I am getting an offer to purchase at Rs 50/- per share. What is my Capital Gain tax. My mother had purchased them at Rs 10/- about ten year back. What best should I do as these sahres are not easily saleable

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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01 September 2013 Without having the knowledge of the company's financial status and business, it is not prudent to make any suggestion.
.
However, if you sale the shares, you will be liable for capital gains. Indexation on amount paid by her will be allowed from the day your mother had acquired the shares (for computing the indexed cost of acquisition)
.
LTCG taxable @ 20%

randhir sahney

randhir sahney (Querist)
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02 September 2013 Thank you Mr. Bafna for your reply. If I do not want to pay LTCG can I invest in REC/NHAI Capital Gains Bonds.

Regards,

Randhir Sahney

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