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Rate of tax on sale of unlisted shares

This query is : Resolved 
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(Querist)
21 January 2010 Hi, I have a friend who has sold his shares in a Private Limited Company which he was holding for the last 10 years. I would like to know the tax on the Capital Gain with indexation and also without indexation. The sale of shares is not subjected to STT.
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Bimal Thacker

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Bimal Thacker (Expert)
21 January 2010 Long term capital gain @ 20% (plus applicable surcharge & Ed. cess)with benifit of indexation.
Your case does not fall without indexation, it is for listed security.
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