Section 2(22) of The Income Tax Act 1961

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parag sharma (Querist)
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02 May 2017 Bonus shares given to Equity Shareholders are not treated as dividend under The Income Tax Act 1961. Why?

CA. Sunil Gokhale (Expert)
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02 May 2017 Issue of Bonus shares does not involve release of company's assets which is a pre-condition for dividend.

CA. Sunil Gokhale (Expert)
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02 May 2017 Issue of Bonus shares does not involve release of company's assets which is a pre-condition for dividend.

CA. Sunil Gokhale (Expert)
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02 May 2017 Issue of Bonus shares does not involve release of company's assets which is a pre-condition for dividend.

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