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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

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.





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