Capital gains on unlisted shares
This query is : Open
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.
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%.
14 July 2012
thank u sir...can u pls refer the section...
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