How are shares of BVG INDIA LIMITED unlisted subject to long-term capital gain taxes?
When unlisted shares of BVG 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 [2]:
Tax Rate: For gains above ₹1.25 lakh, the LTCG on unlisted shares is taxed at a rate of 20% with indexation benefits or 12.5% without indexation benefits (the taxpayer may select the lesser tax rate without indexation for AY 2024-25 and beyond).
The cost of purchase (with or without indexation) and any transfer-related costs are deducted from the sale price to determine LTCG.
It's crucial to comprehend the tax ramifications of investing in BVG India Limited unlisted shares and to maintain documentation of your purchases and sales. Seek the counsel of a tax expert for tailored guidance.
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