Long term capital gain on sale of shares

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Mantu Agarwal (Querist)
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13 September 2014 Dear Expert,
We (Pvt. Ltd. Co.) have been issued 50000 equity shares @20/- each of another co. (Listed on BSE)on private placement basis in 2012.I our Balance sheet such shares are shown as Investment.

Now we want to sale that share through stock exchange. Current Market price is 36/-.

Whether we are liable to Tax on Long term Capital Gain.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 September 2014 there wont be any tax if the STT is paid on sale of shares since the company is listed on the exchange

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 September 2014 u havent mentioned whether any stt is paid or not if yes then no capital gain is applicable.

Mantu Agarwal

Mantu Agarwal (Querist)
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16 September 2014 Dear Expert,
I am planning to sale through Stock Exchange and STT will be paid.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 September 2014 then no tax will be applicable....

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