Shares of Unlisted Company
This query is : Resolved
28 November 2023
Dear sir,
One of our client was a Director in a Pvt Ltd company and had applied shares at the time of allotment @ 10 and Latter on there was a right issue which was also subscribed by them @ Rs65/- now they have sold shares of the Pvt Ltd Company @ 160/-. Is there any implaction that we have to go for valuation or go for Rule 10UAA. Kindly guide and will indexation will be available as allotment was in Fy 2013-14
One of our client was a Director in a Pvt Ltd company and had applied shares at the time of allotment @ 10 and Latter on there was a right issue which was also subscribed by them @ Rs65/- now they have sold shares of the Pvt Ltd Company @ 160/-. Is there any implaction that we have to go for valuation or go for Rule 10UAA. Kindly guide and will indexation will be available as allotment was in Fy 2013-14
20 January 2024
https://cleartax.in/s/taxation-on-income-earned-from-selling-shares
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