hiiiiiiii
Capital gain is determined as is the case in transfer of any financial instrument but only drawback is LTCG on transfer of listed securities is exempted from tax and you cannot claim it as these are unlisted securities
Capital Gain on non listed company share
Page no : 2
Animish
(Final CA)
(96 Points)
Replied 05 February 2011
| Originally posted by : ravitheja | ||
 |
hiiiiiiii Capital gain is determined as is the case in transfer of any financial instrument but only drawback is LTCG on transfer of listed securities is exempted from tax and you cannot claim it as these are unlisted securities |
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Listed securities are exempted from tax only if STT is paid i.e they are transferred via stock exchange. If its a off market transaction then they are chargeable to tax
manish
(student)
(35 Points)
Replied 15 December 2017
Can we avail indexation benefit is available on sale of Unlisted Foregin Shares???
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