Abhishek Gemawat (Asst Company Secretary) (105 Points)
22 February 2014Does waiver of Bonus shares entitlement amounts to relinquishment of right under section 2 (47) of Income tax act and hence chargeable as Capital Gains tax?
An earlier reply would be appreciated.
SHASHANK AGARWAL
(self employed)
(114 Points)
Replied 22 February 2014
Bonus Shares Entitlement if sold for a consideration, the taxable in capital gains .
for more queries : https://knowyourtaxation.blogspot.in/
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