Ltcg on sale of unlisted company shares
This query is : Resolved
30 April 2013
Hello sir, I was allotted 10000 shares of an unlisted company on 31/3/2011 at Rs10 per share.. I sold these shares at Rs 30/share on 22/4/2013 in a private deal.. I have.following queries.. 1. What will be my LTCG tax?? 2. Can i invest my profit in ltcg bonds like of rural electr company bonds with 3 years lock in period to avoid paying ltcg tax?? Is there any other way to avoid paying ltcg tax from this deal?? I am owning my house.. Thanks...
13 June 2013
This has already been replied anyhow unlisted shares attract LTCG and you have to take index cost and if there remains anything then you have to pay the tax if you want to avaoid it then the provisions of section 54EC for investment is to be considerecd.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Value of property in capital gain
- Multiple trade mark
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
