Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2011
CAN I TAKE BENEFIT ON CALCULATION OF CAPITAL GAIN UNDER OPION 1 AND OPTION 2 FOR SALE OF SAHERS OF PRIVATE COMPANY [SHARES NOT LISTED ON STOCK EXCHANGE].
THANKS & REGRADS.
SATYAM
THANKS & REGRADS.
SATYAM
02 October 2011
Long Term Capital Gain exemption u/s 10(38) is only on sales of Listed Shares, subject to payment of STT. Since shares of private company are not listed, exemption of LTCG cannot be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
