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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Two seprate Invoice needed
- ECO SUPPLY REPORTIONG IN GSTR-1
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- Gstr7 vs Gstr3b 2026
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
