How are shares of AROHAN FINANCIAL SERVICES unlisted subject to long-term capital gain taxes?
When unlisted shares of Arohan Financial Services are sold after being held for more than 24 months, they are liable to long-term capital gain (LTCG) taxes. This is how it operates.
Tax Rate: For profits over ₹1.25 lakh, LTCG on unlisted shares is taxed at a rate of 12.5% without indexation advantages. The tax rate was 20% with indexation benefits prior to July 23, 2024.
Compute: Deduct the acquisition cost (without indexation) and any transfer-related costs from the sale price to determine LTCG.
For instance, your LTCG would be ₹20 (₹120 - ₹100) if you purchased shares for ₹100 and sold them for ₹120. Your total LTCG will be subject to 12.5% tax if it surpasses ₹1.25 lakh during a fiscal year.
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