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(Querist)
19 June 2013 My client has given the advance to the public limited company. Now the company is giving shares instead of the advance. What will be the implication?
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CA Kapil Verma

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CA Kapil Verma (Expert)
19 June 2013 there is no tax implication, its jut being call a transaction of purchasing shares.
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
19 June 2013 Agree with Kapil sir
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