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Indexation brnefut

Ashish (Student) (23 Points)

14 November 2019

is indexation benefit can be taken on share of unlisted company

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10 Replies

Kapadia Pravin (17264 Points)
Replied 14 November 2019

LTCG on sale of unlisted shares is taxed at 20 per cent when indexation is applicable, while short term capital gains are taxed at the income tax slab rates applicable to your income.

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sabyasachi mukherjee (27734 Points)
Replied 14 November 2019

@ Ashis
indexation benefit is available if the holding period is more than 36 months it is long term capital gain .
Otherwise short term capital gain .
long term capital gain after indexation benefit is taxable @ 10% in excess of Rs.1 lac.

Kapadia Pravin (17264 Points)
Replied 14 November 2019

@ Ashish
My above reply is based on capital gain provisions and I stand by it.

-----
sanyasachi,. unlisted shares ---
LTCG after indexation benefit is taxable @ 10% ???? in excess of Rs.1 lac. ????

Again bluff. Misguiding . Do you stand by ??

sabyasachi mukherjee (27734 Points)
Replied 14 November 2019

Unlisted shares cant be sold now as per sebi guidelines regulation 40.
my answer is for listed shares.
@
kapadia you should consult a doctor immediately.

Kapadia Pravin (17264 Points)
Replied 14 November 2019

Sanyasachi,. wow ??? Ridiculous defense !!! OMG ???

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sabyasachi mukherjee (27734 Points)
Replied 14 November 2019

@ KAPU

WHEN SOMEONE IS ASKING ANY THING TRY TO KNOW THE ANSWERS IN FULL.
SINCE U ARE UNAWARE PLEASE TRY TO KNOW IN DETAILED SEBI CIRCULARS.

WHAT AN EXPRESSION ???

PLS DONT WASTE MY TIME.
ITS PRECIOUS .
MIND YOUR LANGUAGE.
WHEN U CANT SELL UNLISTED SHARES ,
You are ridiculous.

Kapadia Pravin (17264 Points)
Replied 14 November 2019

I know sanyasachi I am wasting my time but for Forum users sake. I don't get any fun from funny post.

sabyasachi mukherjee (27734 Points)
Replied 14 November 2019

@ ashis
indexation benefit is available only for listed shares.

My answers given are for LISTED SHARES.
Oh
what an expression.?
Your COP is outdated...

Kapadia Pravin (17264 Points)
Replied 14 November 2019

Sanyasachi, just above this post, similar query.

There find reply post of respected member Shri Dhirajlal Rambhia.

You may post your bakwas there also if you have guts to standby your answers posted here.

Sheer flak !!!!

sabyasachi mukherjee (27734 Points)
Replied 14 November 2019

@ ashis
please read the relevant circular on selling shares in the primary market.
ICAI has supported that .
No one can deny .

So if you cannot understand the simple existing laws .
call me...