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Taxation on allotment of shares to directors

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2011 A private limited company allotted shares to its wholetime directors at a value of 1/10th of the book value of shares. Does any tax liability occurs on directors or Company on this?
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
26 August 2011 Hi,

Allotted as what?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 August 2023
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