Capital gain tax on unlisted shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2012
i have purchases 50000 of a private limited shares at Rs.10/-each total amounting to Rs.500000 on dt.1.1.2011.
i have sold these shares on 31.3.2012 at Rs.3000000
I want to know my capital gain tax liability
i have sold these shares on 31.3.2012 at Rs.3000000
I want to know my capital gain tax liability
CA PARAS BAFNA
(Expert)
20 July 2012
You are eligible to indexation benefit.
500000*785/711=552039 will be the Indexed cost of Acquisition.
3000000-552039= 2447961 is LTCG.
Tax @20.6% of LTCG.
500000*785/711=552039 will be the Indexed cost of Acquisition.
3000000-552039= 2447961 is LTCG.
Tax @20.6% of LTCG.
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