13 September 2014
Dear Expert, We (Pvt. Ltd. Co.) have been issued 50000 equity shares @20/- each of another co. (Listed on BSE)on private placement basis in 2012.I our Balance sheet such shares are shown as Investment.
Now we want to sale that share through stock exchange. Current Market price is 36/-.
Whether we are liable to Tax on Long term Capital Gain.
CAclubindia
