LTCG tax: Govt extends indexation benefit to share sale in unlisted companies – Business Today
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- By Taxmann
- Last Updated on 26 October, 2020
Business Today “Observing that Sensex and Nifty have lost more than 7 percent since February 1, 2018. Taxmann.com DGM Naveen Wadhwa said investors were expecting some relief from the government like deferment of new capital gains tax or increase in the threshold limit from Rs 1 lakh to Rs 2 lakh.
“The only noteworthy change is that of allowing the indexation benefit to shares which were unlisted as on January 31, 2018 but are listed on the date of transfer which happens to be on or after April 1, 2018,” Wadhwa said.”
Read the full story here: LTCG Tax, Taxmann
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