Rate of tax on sale of unlisted shares
This query is : Resolved
J ASHOK KUMAR
(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.
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.
Your case does not fall without indexation, it is for listed security.
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