Dear Experts,
One of my friend have 5℅ shares in pvt ltd company. He is only share holder and employee of the company.
Now, He want to sell the shares. What are the tax implications of this sale of shares..?
S ELAVARASI (ACCOUNTANT) (2975 Points)
18 July 2023
sabyasachi mukherjee
(27223 Points)
Replied 18 July 2023
Jatin Bajaj
(CS)
(2930 Points)
Replied 21 July 2023
In case of unlisted securities, if the shares are sold within 24 months of the purchase, it would be considered as Short Term Capital Gain and if the shares are held for a period of more than 24 months , it i considered as the Long Term Capital Gain.
Long Term capital Gain is taxed @ 20% after the indexation.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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