Is there any applicability of GST to trade Unlisted Shares?
GST is levied on trade of Unlisted shares. The GST Act excludes Securities from the definition of Goods. Securities includes shares, scrips, stocks.
TDS applicability on facilitation Fee?
As per the provision of income tax Act the facilitation fee charge by the platforms falls under the ambit of section 194 H of the income tax ACT. UTPL voluntarily d deduct and deposits TDS on every facilitation fee charged by It.
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Applicability of TDS on buying of Unlisted shares?
If the transactions for the year exceeds 50 lacs and the turnover/gross receipts of the Buyer & Seller exceeds 10 crores Buyer will deduct TDS @0.1% (in excess of ₹50 lakhs) u/s 194Q . If the transaction value for the year exceeds 50 lacs but ...
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 ...
Can I buy and sell unlisted shares?
There is no restriction on buying Unlisted shares if the client is resident of India. Unlisted shares can be bought through intermediaries and platforms who specialize in sourcing and placement of unlisted shares and can facilitate the trade. ...
Applicability of TCS on buying of Unlisted shares?
If the transactions for the year exceeds 50 lacs and the turnover/gross receipts of the Buyer exceeds 10 crores, then Seller will deduct TCS @0.1% (in excess of ₹50 lakhs) u/s 206C(1H). If the transaction value for the year exceeds 50 lacs but ...
What are Unlisted Shares?
Equity shares which are not listed with any nationalized stock exchange (like NSE, BSE, etc.) in India are known as Unlisted Shares. It may comprise matured companies or start-up companies having disruptive business models. Some of the unlisted ...