Transfer of shares
hii
my company is an unlisted public company. today value of share as per DCF method is Rs. 50. if the shares of the company which were originally issued at rs. 10 is today transferred from one share holder to another, what will be the tax implications?
Replies (1)
Here Actual sale consideration(net of brokerage and other expenses incurred for sale) should be considered while calculating capital gain. Discounted Cash Flow method is immaterial for Income tax purposes. If it is Long term capital gain taxed at flat rate of 20% after Indexation otherwise clubbed in Other income and taxability is as per slab rates. Nevertheless DCF can be used for Investment decisions,Thank you.
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