Sec 112A - Tax @ 10% (exempt 1,00,000)
3rd Proviso to Sec 48 - No indexation for 112A
Proviso to 112 -
listed securities (other than units) & ZCB
Tax @ 10% (with indexation)
Tax @ 20% (without indexation)
so if LTCA unlisted equity shares are sold, then how will it be taxed? i.e. u/s 112A (w/o indexation) or u/s 112 @ 20% (without indexation - coz indexation is only for listed securities)
And sec 112A and sec 112 are self contradictory as 112A speaks of taxation of LT Equity shares (listed or unlisted) and proviso to sec 112 speaks of listed securities ( does it include equity shares? if yes then Do we have an option to choose between 112A and proviso to 112
CAclubindia
