| Question And Answer | |
|---|---|
| Subject: | Indexation on listed shares |
| Category: | Income-Tax |
| Querist: | shiva |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | indexation, Listed shares |
| Date: | March 30, 2023 |
Sir,
My client is having long-term capital gains on the sale of shares(Listed). can I pay tax at 20% by taking the indexation benefit.
Please clarify.
No, as per section 112A of the Act, capital gains on the sale of long-term capital assets being listed shares after January 31, 2018 will be taxed at 10 per cent without indexation.
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