What is the holding period for unlisted Equity shares for computing LTCG/STCG? Is it 12 months or 36 months?
If it is 36 months can indexation be applied for arriving at the cost on the date of sale?
Menu
Stcg on sale of unlisted equity shares
Replies (1)
If the unlisted shares are purchased :
1. before 11.7.2014 - for 12 months holding period unlisted shares will be considered as SHORT TERM CAPITAL ASSET after that LONG TERM CAPITAL ASSET .
2. on or after 11.7.2014 - for 36 month holding period unlisted share will be considered as SHORT TERM CAPITAL ASSET after that LONG TERM CAPITAL ASSET.
As long as the shares are SHORT TERM CAPITAL ASSET indexation benefit will not be available.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
