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Long Term Capital Gain on sale of Unlisted Equity Shares

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(Querist)
13 March 2024 Assessee has purchased unlisted equity shares of a company during the FY 2007-08.

As part of the buy back of shares by the company, the assessee has sold the stake in current FY 2023-24.

How to calculate LTCG on shares. Is Indexation applicable for calculating LTCG, as the shares are unlisted? Also, Is sec.112A applicable?

Please clarify with applicable section of the Income Tax Act.

Thank you
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 March 2024 112A does not apply.

Indexation benefit is available. the tax rate shall be 20%

governing section is 112.

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