Taxation of Unlisted Shares for Non-Residents: What You Need to Know
In the case of a Non-Resident, LTCG on Unlisted Stock is 10% without Indexation.
ITR Form, Due Date and Tax Audit Applicability for Unlisted Shares
- ITR Form: Trader should file ITR 2 (ITR for Capital Gains Income) on Income Tax Website since income on the sale of unlisted stocks is a Capital Gains.
- Due Date
- FY 2020-21 Onwards
31st July – for traders to whom Tax Audit is not applicable
31st October – for traders to whom Tax Audit is applicable
- FY 2020-21 Onwards
- Tax Audit: Since the income on the sale of unlisted stock is a Capital Gains Income, the applicability of tax audit under Section 44AB need not be determined.
In case you want to know more about Taxation(Resident) Click Here
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