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Transfer of share of pvt. company

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2012 Dear Sir/Madam,

If there are two director in a company having equal shares 5000 share for each @ Rs. 10.

If they wants to introduce one more director in company....

suppose one director will give his 2500 shares to new director @ 10 each ...

what are the tax implication in the hands of director or
if shares are given @ 30 per share than....

will capital gain provision applicable in this case...(30-20=10 per share)

Thanks,
Abhishek
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 January 2012 If shares sold at a profit then capital gains tax would be applicable on profit of Rs. 20/-

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