30 December 2023
As part of business group consolidation process, the investors are decided to form a holding company and transfer their shares to the holding company. The transferred number of shares includes shares acquired by them via bonus allotment, in this case as part of share transfer to holding company is there any capital gain impact for investors
14 January 2024
The bonus share beneficiary is required to pay a 10% tax on any income exceeding Rs 1 lakh derived from the issuance of bonus shares if the bonus shares are sold after being held for more than a year.
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