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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 Right issue by listed company renounced by shareholder in favour of other person will attract sec 56??
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Rupesh Jain

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Rupesh Jain (Expert)
12 August 2014 taxable under income from capital gain...
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 but its not a closely held co.
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 but its not a closely held co.
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TKKKKKK

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TKKKKKK (Expert)
12 August 2014 capital gain =

sale price

Less purchase price - 0000

(because he has not invested single rupee to purchase the share. But he has transfer his right to purchase. and right to purchase attracts capital gain.

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