How are shares of AXLES INDIA LIMITED unlisted subject to long-term capital gain taxes?
When unlisted shares of Axles India 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.
LTCG is calculated by deducting the purchase price (without indexation) and any transfer-related costs from the sale price.
Understanding the tax ramifications and maintaining documentation of your buy and sell activities are crucial if you're thinking about investing in unlisted shares of Axles India Limited. Seek the counsel of a tax expert for tailored guidance.
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