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 LTCG only.
- The investor can set off Long Term Capital Loss against LTCG only. They can carry forward the remaining loss for 8 years and set off against LTCG only.
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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 investor sells an unlisted stock held for more than 24 months, ...
What is my tax liability If I trade in Unlisted Shares?
Income/loss from Sale of equity shares is covered under the head ‘Capital Gains’ Under the head ‘Capital Gains’, income is further classified into: (i) Long term capital gains, or (ii) Short term capital gains. Short-term capital gains (STCG) If ...
What is Sale Purchase Agreement ?
A sales and purchase agreement (SPA) is a binding legal contract that obligates a buyer to buy and a seller to sell. The purchase agreement is a contract which outlines terms and conditions related to sale of shares on unlisted assets platform. This ...
Who can buy or sell unlisted shares on unlistedassets.com
All users who has a valid Demat account with Depository Participant can buy unlisted shares on our platform. Non Individuals (Companies, HUF, Partnership Firm etc.) represented by authorized persons of entities We have an option to add the company ...
What is the impact of taxation?
Users may take advisory to assess and validate their tax liability from their respective tax consultant. However, for sake of reference, we have mentioned below tax rates as may be applicable in case of individuals and corporate while selling their ...