share obligation on unlisted shares

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23 Points Posted on 02 February 2008

what is the tax obligation on selling pvt.  or unlisted shares which is 7 yrs old where the STT and other stipulation by the Govt. as such is not mandatory? whether it will come under capital gains or not?

When the tax is to be paid in the current quarter of the FY or when it is actually due for the individual?

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On 02 February 2008 at 14:26 Report
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461080 Points Posted on 03 February 2008
The amount so received will be taxable under the head of long term capital gain and accordingly LTCG is to be paid.
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On 03 February 2008 at 16:05
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461080 Points Posted on 03 February 2008
Though the long term capital gains stand at 10% somebody told it is 20% on unlisted shares. what is that LTCG?( is it long term cap. gains) pls clarify... Thankyou, sir.
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On 03 February 2008 at 18:19
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254 Points Posted on 22 February 2008
HI Geetha
Shaes that is sold through Exchange is liable for STT and it is exempted from LTCG. In ur case it is sold privalely so it is liable for LTCG @ 20%.
You have not to bother abt STT its not applicable in ur case.
Pls let me know if more required,
Thanks
Vijay
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On 22 February 2008 at 11:20
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461080 Points Posted on 28 February 2008
I m holding shares of unlisted company and transferring it into the joing name in which first shareholder remains the same. will LTCG Tax applicable? and if I transfer the said shares to others as gift than LTCG Tax will applicable to me or not?
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On 28 February 2008 at 11:11


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