How are shares of Boat Limited Unlisted subject to long-term capital gain taxes?

If unlisted shares of Boat Limited are held for longer than 24 months, they are liable to long-term capital gains taxes. This is how it operates
Tax Rate: According to the Budget 2024 amendments, which take effect on July 23, 2024, long-term capital gains (LTCG) on unlisted shares are taxed at a rate of 12.5% without indexation benefits.
Holding Period: Unlisted shares must be kept for more than 24 months in order to be considered a long-term capital asset.
LTCG is computed by deducting the acquisition cost from the sale price of shares that have been held for more than two years.
Exemption Limit: LTCG on unlisted shares is not subject to an exemption limit, in contrast to listed shares. However, depending on particular tax rules or modifications, this could alter. These tax ramifications must be taken into account when purchasing unlisted stock, such as Boat Limited. Knowing the tax rates and holding periods will help you minimize your tax obligations and make wise decisions if you intend to sell your shares

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