Long Term Capital Gain on sale of Unlisted Equity Shares
This query is : Resolved
13 March 2024
Assessee has purchased unlisted equity shares of a company during the FY 2007-08.
As part of the buy back of shares by the company, the assessee has sold the stake in current FY 2023-24.
How to calculate LTCG on shares. Is Indexation applicable for calculating LTCG, as the shares are unlisted? Also, Is sec.112A applicable?
Please clarify with applicable section of the Income Tax Act.
Thank you
As part of the buy back of shares by the company, the assessee has sold the stake in current FY 2023-24.
How to calculate LTCG on shares. Is Indexation applicable for calculating LTCG, as the shares are unlisted? Also, Is sec.112A applicable?
Please clarify with applicable section of the Income Tax Act.
Thank you
Nikhil Kaushik
(Expert)
13 March 2024
112A does not apply.
Indexation benefit is available. the tax rate shall be 20%
governing section is 112.
Indexation benefit is available. the tax rate shall be 20%
governing section is 112.
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