Sale of shares in a private limited company
Querist : Anonymous
I have bought shares in a private firm (not listed) in august 2011(as per share certificate). I am planning to sell the shares now. I have following queries about the same.
1. Is the profit amount taxable? can it be considered as long term capital gains?
2. What is the procedure at the time of selling the shares?
3. What are the documents I should give/take from the firm?
Thanks and Regards
It would be taxable as LTCG @ 20%. No exemption is available for shares not sold on payment of STT.
Querist : Anonymous
Can you please let me know the documents I should get from the firm for tax purposes?
Regards
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