LTCG on sale of unlisted shares
This query is : Resolved
31 December 2019
Hi,
I am founder of a company that was formed 6 years ago. When I incorporated my company, value of each share was Rs. 10. I am selling part of my equity to an investor at Rs. 5000 per share.
How will the LTCG be calculated in this case? Will taxable amount be (5000- (10xindexation) ) OR (5000 - Grandfathered cost on 31/1/2018)?
I am founder of a company that was formed 6 years ago. When I incorporated my company, value of each share was Rs. 10. I am selling part of my equity to an investor at Rs. 5000 per share.
How will the LTCG be calculated in this case? Will taxable amount be (5000- (10xindexation) ) OR (5000 - Grandfathered cost on 31/1/2018)?
31 December 2019
In case of unlisted shares, taxable amount = (5000- (10 x indexation) )
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