A person gaining on sell of shares in P Ltd Co.
Shall limit of 12 month apply in case of unlisted equity shares also.
How this tax can be saved ?
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urgent Capital Gain
Replies (1)
For all shares, the period of holding required to become long term asset is holding more than 12 months from date of acquiring (see also section 2(42A) and explanations thereto)
Short term Capital gain can be reduced only by any other STCL. U can also claim Ch VI A deductions
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