Sale of shares in a private limited company
Querist : Anonymous
I have bought shares in a private firm (not listed) in august 2011(as per share certificate). I am planning to sell the shares now. I have following queries about the same.
1. Is the profit amount taxable? can it be considered as long term capital gains?
2. What is the procedure at the time of selling the shares?
3. What are the documents I should give/take from the firm?
Thanks and Regards
It would be taxable as LTCG @ 20%. No exemption is available for shares not sold on payment of STT.
Querist : Anonymous
Can you please let me know the documents I should get from the firm for tax purposes?
Regards
Click here to login now
Similar Resolved Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
