What is the tax rate of profit on sale of share of pvt. ltd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2011
respected sir,
can u tell me any body that what is taxability in case of if any person sold his investment in share of pvt. ltd. company. at what rates and how it will be calculated u/s which section in computaion.
other in case shares of public limited sold off line or says comapny have been take over by another company. how the tax liability will be calculated in the promotors hand, having majority of share transfer by power of atterney and amount have been received as per sebi rules.
can u tell me any body that what is taxability in case of if any person sold his investment in share of pvt. ltd. company. at what rates and how it will be calculated u/s which section in computaion.
other in case shares of public limited sold off line or says comapny have been take over by another company. how the tax liability will be calculated in the promotors hand, having majority of share transfer by power of atterney and amount have been received as per sebi rules.
07 August 2011
Section 112 applies. Tax rate is 20.06% on capital gains.
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