Hai frnds.
My directors trasferred their shares to other director in our company. sale consideration was received in foreign currency. Shares are held for lees than 12m.
Are such receipts taxable to capital gain? if yes wots d % of tax?
4 Replies
Meluvin
(Article student - CA final)
(29 Points)
Replied 23 November 2016
Hi,
Are those shares listed in any recognised stock exchange
Thanks
Meluvin
mounika
(semi qualified chartered accountant)
(981 Points)
Replied 23 November 2016
No. Shares of Private liimited company.
jyoti
(no)
(25 Points)
Replied 23 November 2016
yes short term capital gain arised in hands of director who is selling it
Meluvin
(Article student - CA final)
(29 Points)
Replied 24 November 2016
Hello,
Is the director who purchased the shares a Non-resident?
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