Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 5th May, 2016
Subject: Taxability of Income/Loss arising from Transfer of Unlisted Shares-reg.
CBDT, vide order dated 2nd May, 2016 has given direction to field formation, with a view to avoid disputes/Litigation and to maintain uniform approach that the income arising from transfer of unlisted shares, irrespective of period of holding, would be taxable under the head Capital Gain e
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