If a private limited company buys shares of another private limited company. What is the tax implication if it is sold at a profit after 3 years?
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Tax of Capital Gain
Replies (5)
LTCG will arise
If it's an acquisition ot is a different story.
acquired stake of 10%
LTCG for seller
No capital gain will Arise.. since its a Pvt. limited company..not a listed company.
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