Tax on long term capital gain
This query is : Resolved
03 April 2016
I have received long term capital gain on sale of long term capital gain of unlisted share and STT is not paid .
please let me tell capital gain is exempt under section 10(38) or not. and what is tax rate
04 April 2016
No if the same is not STT paid (which can't be there in your case as it is unlisted) so the same is not exempt U/s. 10(38)
Option 1 : With indexation - tax rate is 20%
Option 2 : Without Indexation - tax rate is 10%.
Option 1 : With indexation - tax rate is 20%
Option 2 : Without Indexation - tax rate is 10%.
14 May 2016
This would be taxable as per rate explained by Ca Sourabh Sethia. However you may claim tax exemption U/s 54EC by investing in Capital Gain Bond within the specified time duration. For further query, you may logon to www.wealth4india.com or write us at info@wealth4india.com or call @ 9266242424 extn. 1 or 11
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