implications of sale of shares under capital gains

This query is : Resolved 

06 April 2017 if shares of a private unlisted company are sold to another company which is the buyer at sale price which is above fair market value and vice versa , what are the implications under capital gains.

06 April 2017 If shares are held from more than 12 months then liability of Long Term capital Gain @20%(without STT) will arise.


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