Dear Professional Colleagues,
Please help me in this,
A client of mine has approached me for Tax planning with regard to Sale Consideration received on Transfer of Shares in a private limited Company after holding for a period of 8 years. He has made a profit of Rs.1.79Cr on this, and LTCG computed after giving indexation benefit amounts to Rs.1.59Cr. Now I have tried giving a benefit of Sec.54F, but the transferor already have two residential house property in his name, hence cannot claim exemption u/s 54F. Now he has to pay Tax @ 20% on the LTCG.
Please let me know if I can avail any other benefit on this transaction.
Thanks in advance
CAclubindia
