Long term capital gains on private limited company sahres
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2013
What is the tax rate on long term capital gains arising out of sale of a private limited company shares. Can I pay tax @ 10% with out claiming indexation benifit on cost of purchase.
26 February 2013
Proviso to section 112 applies to listed securities.
Paying tax @ 10% without claiming indexation benefit would not be applicable to shares in a private company.
Paying tax @ 10% without claiming indexation benefit would not be applicable to shares in a private company.
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