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Taxation on sale of shares having holding period of more than 36 months
Dear All, I need advice regarding the taxation of transfer of shares of an unlisted company which have been held by domestic company for more than 36months.
At what rate does the company need to pay the tax ( 10% or 20%) on the capital gain amount?
Replies (1)
Long Term Capital gain on sale of unlisted securities (held more than 36 months) attract a long term capital gain tax at the rate of 20 per cent (plus cess) with indexation benefit.
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