Ltcg on unlisted shares

This query is : Resolved 

29 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...

12 June 2013 The LTCG is not fully exempted as the shares are not listed in any stock exchange. You can claim indexation and also invest in 54EC to avoid LTCG Tax if any after applying indexation. If there is no tax liability then you need not invest in any bond u/s 54EC

12 June 2013 Thanx Agarwal Sir,
To be specific about query..
I sold my unlisted shares for 3 lac rupees which was aquired at 1 lac rupees..
After indexatiion my buying cost is 120000 resulting LTCG of 180000 rupees.
Now question is can i invest entire 180000 ltcg in NHAI bonds to get IT exemption under 54EC??
OR i can invest only 100000 in NHAIbonds which is equal to my original investment and pay tax on remaining 80000??
Plzzz clarify...

03 August 2024 https://docs.google.com/document/d/1fYkQly3ITIABT00CC4CaChFx5pEUf5e69eLvDbDkwDc/edit?usp=sharing


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