How are shares of BLSX LIMITED unlisted subject to long-term capital gain taxes?
When unlisted shares of BLSX Limited are sold after being held for more than 24 months, long-term capital gain (LTCG) taxes are due. 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.
Calculation: To calculate LTCG, subtract the cost of acquisition (without indexation) and any expenses related to the transfer from the sale price.
If you're considering investing in BLSX Limited unlisted shares, it's essential to understand the tax implications and keep records of your purchase and sale transactions. Consult a tax professional for personalized advice.
Website: You can visit their website at www.unlistedinvest.com for more information.
Phone: +91 9912004448.
Email: Unlistedinvesting@gmail.com.