Transfer of share of pvt. company
This query is : Resolved
Querist : Anonymous
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
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
07 January 2012
If shares sold at a profit then capital gains tax would be applicable on profit of Rs. 20/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
