Hai frnds.
My directors trasferred their shares to other director in our company. sale consideration was received in foreign currency. Shares are held for lees than 12m.
Are such receipts taxable to capital gain? if yes wots d % of tax?
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Capital gain
Replies (4)
Hi,
Are those shares listed in any recognised stock exchange
Thanks
Meluvin
No. Shares of Private liimited company.
yes short term capital gain arised in hands of director who is selling it
Hello,
Is the director who purchased the shares a Non-resident?
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