Long term capital gain
This query is : Resolved
08 May 2012
i have purchase a private ltd company share before 14th months ago, on december 2011 the pvt ltd company merge with a ltd company, and now i ready the ltd company share for sold. what is reflect my income tax return and is it tax free? and
09 May 2012
transfer of share in a scheme of amalgamation is not chargeable to capital gain if the consideration for the same is received only in the form of a share in the amalgamating company.
If cash is received in consideration of the share then the gain shall be chargeable to tax under the head Capital Gain.
If cash is received in consideration of the share then the gain shall be chargeable to tax under the head Capital Gain.
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