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Capital gain
Direct Taxation
If shareholder of amalgamating co.(listed co.) Receive shares of amalgamated co.(unlisted co.) Then when it will be considered long term capital gain?
Answers (10)
Shiva Naga Raju
When the shares are sell out to others
After 5 months of receiving share of amalgamated co.
Sudha Reddy
Include the holding period of shares in the Amalgamating Company by the Assessee.
My question is whether sell of shares can be long term capital gain after either 12 months or 24months from the date of acquisition
Thread Starter
Sumita ShahMy question is whether sell of shares can be long term capital gain after either 12 months or 24months from the date of acquisition
Transfer under amalgamation is not a transfer if transferee co is indian co and is 100 percent subsidiary rightð?¤?ð?¤?
Sudha Reddy
Listed -12 months, unlisted - 24 months
But amalgamating co is unlisted co & amalgamated co is listed co
Thread Starter
Sumita ShahBut amalgamating co is unlisted co & amalgamated co is listed co
Which shares are transferred on which capital gain will be considered
Sudha Reddy
Which shares are transferred on which capital gain will be considered
Share of Amalgamated co.
Thread Starter
Sumita ShahShare of Amalgamated co.
capital gain arises when the shares in amalgamated company are transferred At the time of transfer, if the shares are unlisted then 24 months else 12 months.
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