If X transfers shares to Y (unrelated person) for inadequate consideration, then howit will be taxed under income tax act
If X transfers shares to Y (unrelated person) for inadequate consideration, then howit will be taxed under income tax act
Dhawal Mohnot
(Practicing)
(449 Points)
Replied 23 December 2010
it ll be taxed taking based on the adequate consideration .... that is .. the consideration considered adequate by the department.
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