CAPITAL GAIN / URGENT
This query is : Resolved
25 July 2010
WILL BUY BACK OF SHARES WILL BE TREATED AS CAPITAL GAIN UNDER INCOME TAX ACT
ALSO LET ME KNOW WHAT WILL BE THE DATE OF BONUS SAHRES WHILE CALCULATING CAPITAL GAIN
ALSO LET ME KNOW WHAT WILL BE THE DATE OF BONUS SAHRES WHILE CALCULATING CAPITAL GAIN
25 July 2010
On buy back of shares by a company,
the share holder transfers his share in favour of the purchasing company. Hence capital gains will arise.
For calculating capital gains on bonus shares
date of allotment of bonus shares will be taken as the date of acquisition.
the share holder transfers his share in favour of the purchasing company. Hence capital gains will arise.
For calculating capital gains on bonus shares
date of allotment of bonus shares will be taken as the date of acquisition.
25 July 2010
agreed
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