Capital Gain on Sales of Unlisted Shares

[Harshit Sanghvi]

Good afternoon,

I have one income tax capital gain query.

One private limited has sold shares of another private limited.

Now we want to save capital gain tax.

What are the ways available.

Type of asset- long term unlisted shares.

Thanks in advance

AI Summary

Company Seeks Tax Advice on Minimizing Capital Gains from Long-Term Unlisted Shares Sale; Professional Guidance Recommended A private limited company seeks advice on minimizing capital gains tax after selling long-term unlisted shares of another private company. A respondent suggests consulting a tax professional for tailored advice and outlines general strategies like utilizing capital losses to offset gains, taking advantage of favorable tax treatment for long-term holdings, considering tax-deferred accounts, and reinvesting in eligible assets for potential tax deferral or exemptions. The respondent emphasizes the importance of professional guidance to navigate local tax laws effectively.