share obligation on unlisted shares

1772 views
User Avatar

under internship
21 Points Posted on 02 February 2008

what is the tax obligation on selling pvt.  or unlisted shares which is 7 yrs old where the STT and other stipulation by the Govt. as such is not mandatory? whether it will come under capital gains or not?

When the tax is to be paid in the current quarter of the FY or when it is actually due for the individual?

Reply Share Follow Topic
On 02 February 2008 at 14:26 Report
Replies (4)
User Avatar

Guest

Posted on 03 February 2008
The amount so received will be taxable under the head of long term capital gain and accordingly LTCG is to be paid.
Reply
On 03 February 2008 at 16:05
User Avatar

Guest

Posted on 03 February 2008
Though the long term capital gains stand at 10% somebody told it is 20% on unlisted shares. what is that LTCG?( is it long term cap. gains) pls clarify... Thankyou, sir.
Reply
On 03 February 2008 at 18:19
User Avatar

CA
201 Points Posted on 22 February 2008
HI Geetha
Shaes that is sold through Exchange is liable for STT and it is exempted from LTCG. In ur case it is sold privalely so it is liable for LTCG @ 20%.
You have not to bother abt STT its not applicable in ur case.
Pls let me know if more required,
Thanks
Vijay
Reply
On 22 February 2008 at 11:20
User Avatar

Guest

Posted on 28 February 2008
I m holding shares of unlisted company and transferring it into the joing name in which first shareholder remains the same. will LTCG Tax applicable? and if I transfer the said shares to others as gift than LTCG Tax will applicable to me or not?
Reply
On 28 February 2008 at 11:11

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. 70:30 GST rule for solar EPC: partial scope (struc
  2. TDS on Redevelopers hardship allowance received no
  3. Who will take FSSAI AND TRADE LICENSE: owner or te
  4. E Way Bill in respect of Without Bringing Material
  5. FAST DS 2026 query
  6. Consultation
  7. E-way notices for FY 22-23
  8. Gst file not created
  9. Regarding 3CEB query
  10. Omitted E-Commerce Sales Reported in Table 14 but

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details