AIR

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2010 Whether limit of Rs 1,00,000 in case of AIR is for the particular transaction or for series of transaction during the year??

CA. BHAVIK DILIPBHAI MEHTA

CA. BHAVIK DILIPBHAI MEHTA (Expert)
Follow

28 November 2010 Receipt from any person of an amount of one lakh rupees or more for acquiring shares issued by the Company is required to be disclosed as per Rule 114E of the Income Tax Rules,1962.Hence if you are making application to a particular company for acquiring shares for an amount of Rs. 1 lacs or more then the same needs to be disclosed in AIR.

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2010 What in case purchase from Stock Exchange???

CA. BHAVIK DILIPBHAI MEHTA

CA. BHAVIK DILIPBHAI MEHTA (Expert)
Follow

28 November 2010 Applicable only when the company is issuing shares through public or rights issue.

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2010 If the 1 lakh amount is applied amount towards IPO or allotment amount

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajat Khandelwal

Rajesh Surapaneni

Shailesh Prajapati

Santosh Behera

Michael & Co.

Subscribe Now

AIR

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Manager- Finance and Compliance

Accountant

GST CONSULTANT

Senior Executive