Unlisted Shares Quotes

Mr. Bharat Shah sold shares of MBK Private Limited for Rs. 1,500,000 on July 1, 2014. The shares were acquired for Rs. 1,000,000 on January 1, 2013. STT is not required to be paid on the sale of shares of a private limited company. As shares are unlisted, sale is made before July 10 and period of holding is more than 12 months, the capital gain would be considered as a LTCG. The indexed cost of acquiring shares would be Rs.1,201,878 (1,000,000*1027/852) and LTCG would be Rs. 298,122. Mr. Bharat would pay income tax @ 20% of Rs. 59,624.

Listed equity shares or equity MF (STT is paid) Not Taxable - Exempt 15% Listed equity shares (STT is not paid) Lower of 20% with indexation or 10% without indexation Taxable as per slab rate Unlisted equity shares (STT is not paid) 20% with indexation Taxable as per slab rate Equity MF sold until July 10, 2014 (STT is not paid) Lower of 20% with indexation or 10% without indexation Taxable as per slab rate Equity MF sold after July 10, 2014 (STT is not paid) 20% with indexation Taxable as per slab rate Let us calculate and understand the taxation with the examples given below.

Mr. Gopal sold shares of NJPA Private Limited for Rs. 1,500,000 on August 1, 2014 without paying STT. The shares were acquired for Rs. 1,000,000 on January 1, 2013. As shares are unlisted, sale is made after July 10, 2014 and period of holding is less than 36 months, the capital gain would be considered as STCG. The capital gain of Rs. 500,000 would be added to Mr. Gopal’s income and he would have to pay income tax as per his tax slab rates.

Mr. Taral from Brazil sold shares of ABC Company, an unlisted public company without paying STT. The shares were purchased for Rs. 2,000,000 in January 2011 and were sold in October 2014 for Rs. 3,000,000. As shares are unlisted, sale was made after July 10, 2014 and period of holding is more than 36 months, the capital gain would be considered as LTCG. Mr. Taral would pay tax @ 20% of gain after indexation. The indexed cost would be Rs. 28,80,450 (2,000,000*1024/711) resulting in a LTCG of Rs. 119,550 and tax @ 20% on indexed gain would be 23,910.

What did they tell you about Dylar?” “Never heard of it.” “Did you ask them to look it up? They must have lists of the most recent medications. Supplements, updates.” “They looked. It’s not on any list.” “Unlisted,” I said. “We’ll have to call her doctor.” “I’ll call him now. I’ll call him at home.” “Surprise him,” she said, with a certain ruthlessness. “If I get him at home, he won’t be screened by an answering service, a receptionist, a nurse, the young and good-humored doctor who shares his suite of offices and whose role in life is to treat the established doctor’s rejects. Once you’re shunted from the older doctor to the younger doctor, it means that you and your disease are second-rate.” “Call him at home,” she said. “Wake him up. Trick him into telling us what we want to know.” The only phone was in the kitchen. I ambled down the hall, glancing into our bedroom to make sure Babette was still there, ironing blouses and listening to a call-in show on the radio, a form of entertainment she’d recently become addicted to. I went down to the kitchen, found the doctor’s name in the phone book and dialed his home number.