Easy Office
LCI Learning

Long Term Capital Gain

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 July 2010 Is LTCG in respect of Unlisted Equity shares taxable at 10% without indexatiom ?
Profile Image

CA. Anoop Gadia

Profile Image

CA. Anoop Gadia (Expert)
15 July 2010 yes
Profile Image

DR GAURAV GUPTA FCA, FCS, LL.B

Profile Image

DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
15 July 2010 yes but it is an option if ltcg is calculated without cosidering indexed cost of acquisition but if idexed cost is cosidered than 20% rate is applicable
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
16 July 2010 The option referred by Mr.Gaurav is only for listed securities vide proviso to section 112(1) of the Income tax Act,1961. Therefore, LTCG of unlisted securities has to be taxed @ 20 % vide section 112 (1) (a)/(b)/(c)/(d).
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 July 2010 Is the tratment same for LTCG on Capital Protection Bonds ?
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 July 2010 Is the treatment same for LTCG on Capital Protection Bonds ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links