General News
Inter alia turns down pleas made by counterparties to transfer all related cases to Bombay High Court Minority shareholders of the erstwhile Lakshmi Vilas Bank (LVB) have got a breather…
Capital Gain on Sale of Unlisted Shares
Unlisted Stock is not listed on any recognized stock exchange. Thus, the Company does not pay STT i.e., Securities Transaction Tax on such shares. Long Term Capital Gain (LTCG):If an…
How is taxation in case of Non-Residents for unlisted shares?
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…
Carry Forward Loss on Sale of Unlisted Shares
The investor can set off Short Term Capital Loss against both STCG and LTCG. They can carry forward the remaining loss for 8 years and set off against STCG and…