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ca.bhupendrashah (FCADISA)     01 July 2008

unlisted shares

are they liable to LTCGain after 12 / 36 months?


Learning

 2 Replies

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     01 July 2008

 


CAPITAL GAINS.


You get benefit of  NO TAX  on capital gains on shares if you purchase them from  market after payment of STT  and sell after one year through stock exchange after payment of STT.


All other types of capital  which inclused uns listed shares attract uniform capital gains tax system.

Guest (n/a)     03 July 2008

Sir,

If unlisted shares are gifted, is any tax payable by the recepient?

Rgds,
Dr. Kishore
Hyd

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