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Capital gains on unlisted shares

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Shruti Mishra (Querist)
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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.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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%.

Shruti Mishra

Shruti Mishra (Querist)
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14 July 2012 thank u sir...can u pls refer the section...

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