In order to bring about certainty and predictability regarding taxability of income arising from transfer of shares, CBDT gives directions to its field formations that the income arising from transfer of unlisted shares, irrespective of period of holding, would be taxable under the head ‘Capital Gain’ except in certain circumstances.

In order to bring about certainty and predictability regarding taxability of income arising from transfer of shares, CBDT gives directions to its field formations that the income arising from transfer of unlisted shares, irrespective of period of holding, would be taxable under the head ‘Capital Gain’ except in certain circumstances. https://www.taxtmi.com/news?id=16132 Income from transfer of unlisted shares is to be treated as Capital Gain regardless of holding period, with specified exceptions to be examined by the Assessing Officer; the direction seeks a uniform approach to reduce disputes and provide predictability in tax treatment. en-us Thu, 05 May 2016 22:06:44 +0530 Thu, 05 May 2016 22:06:44 +0530 TaxTMI RSS Generator In order to bring about certainty and predictability regarding taxability of income arising from transfer of shares, CBDT gives directions to its field formations that the income arising from transfer of unlisted shares, irrespective of period of holding, would be taxable under the head ‘Capital Gain’ except in certain circumstances. https://www.taxtmi.com/news?id=16132 Income from transfer of unlisted shares is to be treated as Capital Gain regardless of holding period, with specified exceptions to be examined by the Assessing Officer; the direction seeks a uniform approach to reduce disputes and provide predictability in tax treatment. News - Thu, 05 May 2016 22:06:44 +0530 https://www.taxtmi.com/news?id=16132