Can NRI/PIO Claim Exemption on Transfer of Bonus Shares

CA. Anuj Gupta , Last updated: 02 August 2011  
  Share

We all know that cost of Bonus shares is NIL as per Sec. 55(2)(aa)(iii) of the Act and in normal circumstances, the gain on transfer of Bonus shares shall be fully taxable in the hands of seller. However, Income Tax Act has a special provision under sec. 115F for NRIs/PIOs under whic

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

CCI Pro

Published by

CA. Anuj Gupta
(Practices in NRI, Int.Tax, FEMA, TP , FDI/FIPB & FCRA)
Category Income Tax   Report

Other Articles  
Comment   Share
  6135 Views
Comments

Related Articles


Loading


Popular Articles




CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us

CCI Articles

You can also submit your article by sending to article@caclubindia.com

submit article

Browse by Category