My bro;ther want to sell his unlisted company. what are the rules for long term capital gains. what are the relevant sections in the income tax laws. thanks.
Menu
Capital gains selling companies
Replies (1)
The Sale value of the Unlisted Compny shall be the Lump sum consideration received from the buyer. The purchase price of the Unlisted Company shall be the Net Worth of the company.
Refer section 50B of the Income Tax Act, 1961 for more information.
Regards,
Devendra Kulkarni
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
