Tax implications for buying shares
This query is : Resolved
28 September 2012
i wanted to know the tax implications for selling shares of a company and accepting the payment in cash for more than rs 20000.
Thanks in advance
reply
Thanks in advance
reply
Guest
Guest
(Expert)
28 September 2012
In this case you will be required to discharge the liability on capital gain. As regards the payment is concerned you can receive the payment in cash no tax implication on your side.
28 September 2012
Thanks 4 ur reply
is there any section applicable to this
plz provide the reference,
is there any section applicable to this
plz provide the reference,
Guest
Guest
(Expert)
28 September 2012
For calculating capital gains section. 45 to 48 are applicable.
28 September 2012
kk
n can a co. also recieve cash against share transfer from other company.
plz reply soon
Thanx
n can a co. also recieve cash against share transfer from other company.
plz reply soon
Thanx
Guest
Guest
(Expert)
28 September 2012
But no company will make payment exceeding Rs. 20000/- in cash.
28 September 2012
but the transaction has already taken place
dats why i wanted the to know the tax implications on recieving company's side.
dats why i wanted the to know the tax implications on recieving company's side.
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