long term Capital Gain on Unlisted shares

In case of Long term capital on listed shares without being subject to STT, with indexation and without indexation simply means inflating the purchase cost in the following way:

 

Cost of purchase x CII in the year of sale / CII in the year of purchase

 

On the above apply 10 % for capital gains without indexation and 20% for capital gains with indexation. Take whichever is beneficial to the assessee.

HUF buy 50000 unquoted share of Rs. 62500/- @ 1.25/- per share as on 20.11.2003 and nominal value per share of this company is Rs. 10/- per share and total issued capital of the company 500000 share @ 10/- per share Rs. 5000000/-as on 31.03.2016 company profit 200000/-

And now HUF sale the share as on 21.05.2016 @ 10/- per share of Rs. 500000/-.

Kindly tell me the Calculation of Capital Gain, and TAX calculation of HUF. 

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details