share obligation on unlisted shares

geetha (under internship) (23 Points)

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?