Capital gains tax

Yes capital gain would be levied.

Dear Sir,

Yes, capital gain would be applicable in said situation.

Hello,

In the given case capital gain shall be applicable since the trasanction is done without payment of STT and not thorugh recognised stock exchnage and therefore based upon open market value of the underlying shares as on date of sale capital gain shall be computed.

Yes since shares were asset of company and transfer of any capital asset attract capital gain, so there will be capital gain. Also there would be reporting u/s 269T as loan were repaid by means other than a/c payee cheque.

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Hi

Yes, capital gain tax shall be levied on the company for such transfer of shares where STT was not paid.

Moreover, if the transfer was not made at FMV, there would be further tax liabilities for the director under section 56(2).

Dear Sir,

Hope you are doing well !!

Yes, capital gain tax shall be applicable.

Hi

Yes capital gain applies in this case.