Bonus Shares
This query is : Resolved
04 June 2010
would it attract Income Tax if i got some shares as bonus share in ratio 1:1 ..........
Guest
Guest
(Expert)
04 June 2010
Bonus Shares Not chargeable to income tax
04 June 2010
CAPITAL GAIN ARISE AT THE TIME OF SALE
04 June 2010
agreed , at the time of receiving , no tax liablity. At the time of sale, CG will arise because cost of acquistioan is nil.
04 June 2010
CAPITAL GAIN ARISE AT THE TIME OF SALE
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