Ltcg on sale of unlisted company shares
This query is : Resolved
Dr. Y I Patel
(Querist)
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.
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