STT / LTCG
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2010
Is this possible to pay STT on Unlisted shares??
Suppose I am having crores of LTCG on my private company owned shares, how can i avoid LTCG.
Suppose I am having crores of LTCG on my private company owned shares, how can i avoid LTCG.
21 April 2010
Securities Transaction Tax is applicable at different rates on the value of the taxable securities transaction. Taxable securities transaction, payable by both the buyer and the seller, refers to any transaction of securities entered into in a recognized Stock Exchange in India.
Since unlisted companies are not coming under the purview of taxable securities transations, STT is not applicable.
You can work the LTCG on two options i.e. with indexation and without indexation. Whichever is beneficial to you, you can take decisions accordingly.
Since unlisted companies are not coming under the purview of taxable securities transations, STT is not applicable.
You can work the LTCG on two options i.e. with indexation and without indexation. Whichever is beneficial to you, you can take decisions accordingly.
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