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Capital gain on sales of shares of private limited co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 November 2011 mr. x(indian resident)is holding shares in pvt. ltd. since last 20 years. he is selling the shares during the F.Y. 2011-12.

Whether he can avail benefit of indexation or not ? and what will be the rate of tax?
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CA Navin Jain

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CA Navin Jain (Expert)
22 November 2011 in your case long term capital gail will be come. you can avail the benefit of indexation. Rate of Tax is 20%

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