https://www.taxtmi.com/circulars?id=55647 Income from transfer of unlisted shares shall be treated as Capital Gains irrespective of holding period. The exception for transfers involving transfer of control and management of the underlying business will not apply to transfers made by SEBI-registered Category I and Category II Alternative Investment Funds; such transfers by these AIFs are to be taxed as capital gains and this clarification is to be applied by tax officers for compliance. en-us Tue, 24 Jan 2017 00:00:00 +0530 Tue, 24 Jan 2017 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55647 Income from transfer of unlisted shares shall be treated as Capital Gains irrespective of holding period. The exception for transfers involving transfer of control and management of the underlying business will not apply to transfers made by SEBI-registered Category I and Category II Alternative Investment Funds; such transfers by these AIFs are to be taxed as capital gains and this clarification is to be applied by tax officers for compliance. Circulars Income Tax Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55647