Capital Gain on Unlisted Shares

1...For unlisted shares ........

in case of LTCG....taxable @ 20 @

in case of STCG....treated a snormal income

2....LTCG ONLY FTOM LTCG

AND STCG FROM BOTH....THANX

Originally posted by : Shirish Biman
	Plz, let me know whether there is any capital gain on unlisted shares? If so, then what is the rate of tax? Second query is "against which losses, this gain would be set-off?"

on long term gain @ 20%...loss can be adjusted only with long term capital gain

on short term gain on normal slab rate and loss can be adjusted with short or long term capital gain..

regards,

Sneha

Sneha is correct.

AGREE WID SNEHA.........

Losses under any head can be set off against the gains under capital gains. The exceptions are.

1. Loss from speculation business.

2. Loss from specified business.

3. Long Term Capital Loss cant be set off against short term capital gains.

Also replied here

/experts/capital-gain-on-unlisted-shares-545760.asp

LTCG @ 20%

STCG at normal slab rate

Set off : Long term capital loss from LTCG only

               Short term capital loss from LTCG or STCG

I agree with all. To make the discussion more interesting- I  want to ask  about some interesting facts about the shares in Pvt Ltd Co.  -

1. Whether shares held for more than 12 months  are treated as long term capital asset ?

2. Whether Indexed Cost of acquisition will be taken while calculating LTCG ?

  I hope the answer  of both the questions is "Yes."

Yes. Shares held for more than 12 months is a long term capital asset & indexation can also be taken on the same.

Yes Divya is Right....... Shares held for more than 12 months will be Long Term Capital Asset and to calculate LTCG on them indexation has to be done.