My bro;ther want to sell his unlisted company. what are the rules for long term capital gains. what are the relevant sections in the income tax laws. thanks.
1 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 08 March 2012
The Sale value of the Unlisted Compny shall be the Lump sum consideration received from the buyer. The purchase price of the Unlisted Company shall be the Net Worth of the company.
Refer section 50B of the Income Tax Act, 1961 for more information.
Regards,
Devendra Kulkarni
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
