Capital gains on sale of pvt Ltd company

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This discussion addresses the capital gains tax implications for an individual who sold shares of a private limited company for a profit of Rs 25 lakhs, having held them for three years. The query seeks clarification on the taxation procedure and applicable tax rates. The response indicates that after accounting for indexed cost, a 20% tax is payable on the capital gains.

UBEIDULLA

UBEIDULLA (Querist)
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30 December 2021 A client sold the shares of a private limited company and earned Rs 25 lakhs as profit . These shares were purchased three years back. What is the taxation procedure on this profit? What is the rate of tax on the profit?

Can the experts give their opinion on this plea?