Tax Treatment of Sale of Pvt Ltd Shares

375 views 1 replies

We registered a private limited company in Feb 2020 with 10000 shares of 10rs each.We did some negligible business for few months and then covid came.

Now a foreign company wants to buy 10% shares at 7 crore rupees.Basically 70000 rs per share.

Are there any restrictions in IT Act or Companies Act that I can not sell the shares at such a high increase?

My deal will happen after Feb 2022. Can i simply pay capital gain tax of 10% and get done with it or there are some other tax implications?

Replies (1)
As per FERA THERE ARE CERTAIN RESTRICTIONS
IF IT IS A LISTED COMPANY THEN SEBI REGULATIONS ARE VERY OBVIOUS.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
14 July 2026
Senior Executive/ Manager

H S SHARMA AND CO

Pune

CA Final

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details