Long term capital gain
This query is : Resolved
08 May 2012
I have purchase before 14months a private limited company share by account payee cheque. then the private limited company marge with a limited company, now the limited company was issue a fresh equity share on january 2012 and the new share deposit in my d-mat account on axis bank ltd. in this time i have decide that the materialized share will be sold through broker. the capital gain is taxable? please help me for taxation.
08 May 2012
the capital gain is not taxable as holding period would be determined from the period of you holding shares in the pvt ltd. company.
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