Hello Everyone ! I just wanted to know about the calculation of capital gain tax on sale of private limited company shares. Earlier, it used to be 20% but now i guess it has been reduced to 10% , effective from April 1st, 2018. Any help would be highly appreciated !
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Capital gain tax on sale of private limited company shares
Replies (3)
Rate of 10% is in respect of long term capital gains from sale of shares which are listed on recognized stock exchange and on which STT is paid.
However, capital gain (long term ) on sale of shares of private limited company are taxable @ 20% as usual.
However, capital gain (long term ) on sale of shares of private limited company are taxable @ 20% as usual.
If it is LTCG
as per section 112
it is taxable @ 20 % (with indexation) or 10% (without indexation), whichever is lower
OR
if it is shares listed in recognised stock exchange and STT paid, then it is exempt u/s 10(38)
If it is STCG
as per section 111A
if it is shares listed in recognised stock exchange and STT paid, then taxable @ 15%
OR
if it is any other STCG taxable at normal rates
as per section 112
it is taxable @ 20 % (with indexation) or 10% (without indexation), whichever is lower
OR
if it is shares listed in recognised stock exchange and STT paid, then it is exempt u/s 10(38)
If it is STCG
as per section 111A
if it is shares listed in recognised stock exchange and STT paid, then taxable @ 15%
OR
if it is any other STCG taxable at normal rates
taxable at the rate 20 % since it private company shares
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