{"id":18429,"date":"2021-05-18T18:59:59","date_gmt":"2021-05-18T13:29:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=18429"},"modified":"2021-05-25T15:38:00","modified_gmt":"2021-05-25T10:08:00","slug":"buying-and-selling-of-unlisted-equity-shares","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/buying-and-selling-of-unlisted-equity-shares\/","title":{"rendered":"When an assessee buys  and sells unlisted shares for trading if it exceed the prescribed limit is he liable to deduct TCS ?"},"content":{"rendered":"<p>I am buying and selling unlisted equity shares for more than Five years.<\/p>\n<p>In view of circular no. F. No. 225\/12\/2016\/ITA.II dated 2nd May, 2016, I am treating the gains\/losses thereon as Capital Gains.<\/p>\n<p>I have been consistently been following this system of treating trades in Unlisted shares as Investments and Capital Gains.<\/p>\n<p>For year ended 31st March, 2021 my sale of unlisted shares exceeded say 12 Crores.<\/p>\n<p>My business turnover from FNO in Listed shares is less than say 3 Crores.<\/p>\n<p>As I showing trades in Equity Shares as Capital Gains my turnover from Business is less than 3 Crores.<\/p>\n<p>Am I liable to deduct TDS or TCS on purchase and sale of unlisted shares? If YES, then WHY?<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[24,199,74,121],"class_list":["post-18429","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-capital-gains","qa_tag-sale-of-equity-shares","qa_tag-tcs","qa_tag-unlisted-shares"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/18429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=18429"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18429"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=18429"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=18429"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=18429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}