How are shares of AITMC Venture Pvt. Ltd. (AVPL) Unlisted subject to long-term capital gain taxes?
If held for longer than 24 months, shares of AITMC Venture Pvt. Ltd. that are not listed are liable to long-term capital gains taxes. This is a summary.
Long-Term Profits from Capital: Gains on shares held for longer than 24 months will be subject to 12.5% taxation without indexation benefits.
Short-Term Capital Gains: The gains will be subject to your income tax slab rate if you sell the shares within 24 months.
You must keep the shares for more than 24 months from the purchase date in order to be eligible for long-term capital gains treatment. To maximize your investing strategy, you must monitor your holding time and the tax ramifications. Speaking with a tax professional or financial counselor can yield situation-specific advice.
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