LONG TERM CAPITAL GAINS ON UNQUOTED EQUITY SHARES
This query is : Resolved
24 August 2022
I AM SELLING UNQUOTED EQUITY SHARES LESS THAN THE BOOK VALUE. HOW TO WORK OUT OUT THE LONG TERM CAPITAL GAIN TAX. IS THERE ANY MISTAKE IN TAKING THE ACTUAL SALE AS SALE CONSIDERATION WHILE WORKING THE TAX.
ONE MORE THING, CAN I PAY CAPITAL GAIN TAX AT 10% WITHOUT INDEXATION. STATUS IS RESIDENT.
KINDLY HAVE YOUR OPINION
ONE MORE THING, CAN I PAY CAPITAL GAIN TAX AT 10% WITHOUT INDEXATION. STATUS IS RESIDENT.
KINDLY HAVE YOUR OPINION
27 August 2022
Sale of unlisted securities will invite capital gain Tax at the rate of 20% with indexation benefit in terms of s.112 of the ITA, 1061.
In terms of s.50CA of ITA, 1961, if sale consideration for unquoted shares is less than the Fair Market Value, for the purpose of computation of capital gains FMV will be taken as sale consideration. FMV will be calculated in terms of rule 11UA of the Income Tax Rules, 1962.
In terms of s.50CA of ITA, 1961, if sale consideration for unquoted shares is less than the Fair Market Value, for the purpose of computation of capital gains FMV will be taken as sale consideration. FMV will be calculated in terms of rule 11UA of the Income Tax Rules, 1962.
29 August 2022
OK THANK YOU SIR, LET ME CLEAR MY DOUBT I HAVE UNQUOTED SHARES SELLING ABOVE BOOK VALUE WITH OUT INDEXATION WHAT WILL BE THE RATE OF CAPITAL GAINS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
