Tax on Sale of Unlisted Shares outside India

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  1. Kartheek

    Kartheek New Member

    What is the taxability of sale of un listed foreign shares by resident?How to calculate capital gain?
     
  2. Raunak Gupta

    Raunak Gupta New Member

    Hi,

    Since the assessee is a Resident in India, the sale of Unlisted Foreign Shares will be taxable as Long Term Capital Gain @20% (if held for more than a year) or Short Term Capital Gain taxable at applicable slab rates (when held for less than a year).
     
  3. Kartheek

    Kartheek New Member

    How to calculate ?what is the basis?
     
  4. Raunak Gupta

    Raunak Gupta New Member

    In case of LTCG, your Purchase cost of the shares would be the Cost of Acquisition which would be indexed according to the Cost Inflation Index Rate and the sale price would be the Sales Consideration...therefore
    LTCG would be:-
    Sales Consideration: XXXX
    Less: Indexed COA: XXXX
    Less: Expenses incurred wholly for above sale: XXXX
    LTCG: XXX
     
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