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implications of sale of shares under capital gains

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(Querist)
06 April 2017 if shares of a private unlisted company are sold to another company which is the buyer at sale price which is above fair market value and vice versa , what are the implications under capital gains.
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CA Manali Maniar

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CA Manali Maniar (Expert)
06 April 2017 If shares are held from more than 12 months then liability of Long Term capital Gain @20%(without STT) will arise.

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