Capital gains received other than cash
This query is : Resolved
Quick Summary
18 June 2022
A client sells site to a pvt limited company and received its shares. No cash received. What are the tax implications.
Can the experts throw light on the tax payable?
Can the experts throw light on the tax payable?
18 June 2022
Market value of the shares received will considered for calculating capital gains.
11 July 2022
Or based on the value assessed by Sub-registrar for stamp duty levy.
11 July 2022
Yes, there will be capital gain in the hands of the seller.
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