Gurgaon | 07 Mar, 2017 (2 years, 8 months ago)

Business Tax/ Taxation

How can i save capital gain tax over sale of my shares of a startup?

Startup shares i held for over 5 years. I want to sell them. Can i save the 20 % ltcg tax? By reinvesting or taking taking that as sales.
Answers
13 Mar, 2017 | 18:27

Generally, no capital gains tax is payable for sale of shares and the same is subjected to exemption under section 10(38) of the Income Tax Act provided the same is amenable to security transaction tax.


how-can-i-save-capital-gain-tax-over-sale-of-my-shares-of-a-startup-4127155

Advice on call

Fixed fee on-call advice
from expert lawyers.

talk to a lawyer

Get free Quotes

Post a requirement & get quotes from verified lawyers.

post a requirement

Need legal help?

Send us your requirements and get free proposals directly to your inbox.

Get free proposals