Tax liability on shares transfer within a local company
This query is : Resolved
SURENDER SINGH
(Querist)
02 April 2018
Hi,
If A share holder transfers his all shares after 03 years from the date of incorporation to Other Person, who is director in the same firm . What will be tax liability on capital gain ? and How can we calculate it ?
And if company declares the dividend in the company books, Is it possible that if one share holder can get the dividend as per his share holding in the entity ?
If A share holder transfers his all shares after 03 years from the date of incorporation to Other Person, who is director in the same firm . What will be tax liability on capital gain ? and How can we calculate it ?
And if company declares the dividend in the company books, Is it possible that if one share holder can get the dividend as per his share holding in the entity ?
Nikhil Kaushik
(Expert)
16 April 2018
the taxability is same as of any other capital gain transaction for unlisted shares
the dividend will be paid to the shareholders in the ratio of their ownership as on the record date.
the dividend will be paid to the shareholders in the ratio of their ownership as on the record date.
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