Dear Experts,
One of my friend have 5℅ shares in pvt ltd company. He is only share holder and employee of the company.
Now, He want to sell the shares. What are the tax implications of this sale of shares..?
In case of unlisted securities, if the shares are sold within 24 months of the purchase, it would be considered as Short Term Capital Gain and if the shares are held for a period of more than 24 months , it i considered as the Long Term Capital Gain.
Long Term capital Gain is taxed @ 20% after the indexation.
Karia Overseas
Ahmedabad
CA
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