Capital gains on unlisted shares
This query is : Open
Shruti Mishra
(Querist)
14 July 2012
director (transferor) of company A has sold out 100% shares to Company B in which also he is the director.
Would capital gains attract...? if yes..then to whom...the director of Co. A or Co. A itself.
At what rate...?
Is the benefit of indexation available..Pls suggest.
Please provide me a link to the provisions.
Would capital gains attract...? if yes..then to whom...the director of Co. A or Co. A itself.
At what rate...?
Is the benefit of indexation available..Pls suggest.
Please provide me a link to the provisions.
CA PARAS BAFNA
(Expert)
14 July 2012
The Shareholder(s) transferring shares is (are) liable for capital gains. The benefit of indexation is available to the transferor had he held shares for more than 12 months.
On resulting capital gains tax rate is 20%.
On resulting capital gains tax rate is 20%.
Shruti Mishra
(Querist)
14 July 2012
thank u sir...can u pls refer the section...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- GST on reimbursement of expenses
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
