Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2011
Whether benefit of Explanantion of Sec 112 of the IT Act (i.e tax @10% on specified securities if indexation is not taken) is applicable on the sale of Private Limited Company.
14 November 2011
No, Can not be applied for shares of pvt ltd co.
Section 112 is applicable for listed shares.
Section 112 is applicable for listed shares.
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