Sale of equity shares of private company - capital gains tax
This query is : Resolved
16 July 2010
Dear Sir,
If a member of private company sells his equity shares which he held for more than 3 years, will it attract Capital Gains Tax?
If yes, can indexation be applied?
Thanks.
S. Krishnamoorthy
If a member of private company sells his equity shares which he held for more than 3 years, will it attract Capital Gains Tax?
If yes, can indexation be applied?
Thanks.
S. Krishnamoorthy
16 July 2010
yes, it is a capital assets. Hence capital gains get attracted
17 July 2010
Can indexation be applied to the Capital Gains of sale of equity shares of private company?
19 July 2010
Yes Indexation is allowed and tax liability is 20% after indexation
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