There is a startup company incorporated in FY 2019-20 with a capital of 4-5 lakhs. Now, in FY 2021-22 the said startup had been acquired by subsidiary of a listed company for its current valuation for Rs.14 crores approximately for 70% stake (61% shares bought from shareholders). Now what will be the capital gains tax on this. Also what are the various ways by which the capital gain tax can be reduced to the maximum extent possible. For example investing in another startup or something like that.
Request you to help at the earliest.
CAclubindia
