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Long term capital gain

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08 May 2012 I have purchase before 14months a private limited company share by account payee cheque. then the private limited company marge with a limited company, now the limited company was issue a fresh equity share on january 2012 and the new share deposit in my d-mat account on axis bank ltd. in this time i have decide that the materialized share will be sold through broker. the capital gain is taxable? please help me for taxation.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 May 2012 the capital gain is not taxable as holding period would be determined from the period of you holding shares in the pvt ltd. company.
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