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Capital Gain Tax on Share transfers

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 May 2011 Hi,

If a director of a Priavte Ltd co. wants to sell the shares hold by him for cash to the other co. where is already a director, does such transacion attract Capital Gain Tax?
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Unmesh

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Unmesh (Expert)
21 May 2011 definitely yes

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