How are shares of BIRLA unlisted subject to long-term capital gain taxes?
Shares of Birla unlisted are subject to long-term capital gain (LTCG) taxes when sold after holding them for more than 24 months. Here is how it works:
Tax Rate: LTCG on unlisted shares is taxed at 20% with indexation benefits or 10% without indexation benefits (without considering the benefit of indexation and foreign exchange fluctuation for gains exceeding ₹1 lakh for the financial year).
Calculation: To calculate LTCG, subtract the cost of acquisition (with or without indexation) and any expenses related to the transfer from the sale price.
If you are considering investing in Birla unlisted shares, understanding the tax implications can help you make informed decisions. Consult a tax professional for personalized advice.
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