Tax Consultancy, Taxation

Capital gain on sale of securities

Posted on by Muhammad Waheed Ensari

Capital gain on sale of securities

Capital gain on sale of securities Section 37A

A new subsection (3B) is added through Finance Act whereby explanation has been added with respect to securities. The subsection provides that the “shares of a public company” shall be considered as security if such company is a public company at the time of disposal of such shares.

Muhammad Waheed Ensari

Founder & CEO, BeSpoke Consulting and Training with 20+ Years of Professional Experience (International and National) in the field of Business Development, Taxation, Accounting, Finance & Auditing with good understanding of financial management system. Strong exposure in the field of general accounting, G/L maintenance, financial reporting and Internal control procedures. Expert in handling people of diverse nationalities, and renowned for being an excellent team player with a positive “can do” attitude. Energetic & self-motivated with a high degree of cultural sensitivity.

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