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Capital gains

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(Querist)
22 September 2016 A Pvt Ltd Company sells shares of a society, held by it for a long time.
Will the transfer attract capital gains?
If yes, is indexation benefit available? What is the rate of tax?
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CA Sumiit B Nagpal

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CA Sumiit B Nagpal (Expert)
23 September 2016 First of all please explain what shares of a society? Did you mean the company has a flat/house in a society which it wants to sell. If yes, then surely the indexation benefit would be available provided the holding period is more than 3 years.
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CA Sumiit B Nagpal

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CA Sumiit B Nagpal (Expert)
23 September 2016 And the rate of tax on Long term capital gain is 20%
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