30 June 2010
"Payments of Rs.1 lakh or more for acquiring shares of a company" I have purchased Shares of different companies aggregating more than Rs.1 lakh. However each company wise it is less than Rs.1 lakh. Whether I have to disclose as per AIR requirements?
30 June 2010
The AIR information states Payment made by you of an amount of one lakh rupees or more for acquiring shares issued by a company. So the word here is a company.
CAclubindia
