capital gain on share sale of a private ltd. company
This query is : Resolved
18 June 2007
We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .
if tr. them before one year and if tr. them after one year
if we can reduce the tax liability how it possible
pls reply members
vinodjainca@hotmail.com
We are having a pvt.ltd. co.share and want to sell them on a higher price
what will be the tax liablility .
if tr. them before one year and if tr. them after one year
if we can reduce the tax liability how it possible
pls reply members
vinodjainca@hotmail.com
18 June 2007
In case of shares in private limited company capital gains on transfer for less then 12 months liable for tax at rate 30 % as normal tax and in case transfer after 12 months being long teram capital gains and tax at rate of 20 % after indexation of cost for arriving capital Gains.
17 July 2012
KOTESWARA SIR REPLY CORRECT AND AGREE
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