Computation of Long term capital gain

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CA Sanjay Baheti (Querist)
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29 May 2010 We were having Equity Shares in a Private Limited Company in earlier years and all these Shares have been sold in the Financial Year 2009-2010. Whether Long Term Capital Gain is to be paid on sale of these Shares held in a Private Limited Company? Whether the benefit of Indexation will be available to the Assessee? What will be the Tax Rate - 20! How the Long Term Capital Gain is to be calculated - (whether as being calculated in case other than Shares). These Shares are not Marketable. Kindly advice.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 May 2010 Benefit of Indexation will be available to the Assessee

Tax Rate - 20

Long Term Capital Gain is to be calculated - as being calculated in case other than Shares

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