Poonawalla fincorps
Poonawalla fincorps

Long term capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2014 If a private limited company makes a profit of around 5 lacs on sale of shares which it has been holding for more than 5 years then what will be the tax treatment for the same?is there any recent case law in this respect?kindly tell me.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
03 March 2014 If the shares are sold on a stock exchange, then the LTCG is EXEMPT.

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