WebDec 28, 2015 · In other words, tax will be levied at 20.6% (including education cess) plus surcharge, if any, by claiming indexation benefit in case of sale of unlisted shares. Queries and views at mintmoney ... WebFeb 1, 2024 · illustration: Binay Sinha. The Finance Minister has capped the surcharge on long-term capital gains from shares of unlisted companies at 15 per cent in the Union Budget 2024-23. This will promote further direct investments in start-ups by high-net worth individuals, venture capital firms and boost the use of ESOPs (employee stock options) by ...
India - Corporate - Income determination - PwC
WebDec 8, 2024 · The STCG on shares is Rs 1,80,000. You have invested Rs 1,50,000 in ELSS. Hence, your net taxable income without STCG is Rs 1,10,000 (Rs 2,10,000 + Rs 50,000 – Rs 1,50,000). The basic exemption limit applicable to you is Rs 2,50,000. Hence the unutilized or remaining basic exemption limit is Rs 1,40,000. WebFeb 6, 2024 · However, long-term capital gains arising on unlisted securities attract a surcharge of as high as 37% in the case of individual taxpayers having an annual total income of more than Rs 5 crore. clip art of big trucks
Section 115QA - Tax on Buyback of Shares - Learn by Quicko
WebNov 25, 2024 · Long-term capital gains on unlisted shares and real estate are taxed at 20% with indexation. Indexation enables the cost of assets to be increased by factoring in … WebFeb 3, 2024 · The LTCG surcharge cap augurs well if you are a founder or an investor of an unlisted start-up company. Grant Thornton Budget Explainer: On Tuesday, Finance … WebJun 28, 2024 · What does Section 115QA say? Both listed and unlisted companies are liable to pay additional income tax on the amount of distributed income on buyback of shares from shareholders. The tax on distributed income (i.e. buy-back) is payable by the company even if such company is not liable to pay income tax. The company is liable to pay tax at … clip art of bingo card