Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2014
hi
if any co. given 500 shares to employee and employee paid tds on that not in rs but in terms of shares. he has given 100 share to co for tds. now at the time sailing bal. 400 shares employee has to take cost of acquisition for all shares or for bal 400 shares?
if any co. given 500 shares to employee and employee paid tds on that not in rs but in terms of shares. he has given 100 share to co for tds. now at the time sailing bal. 400 shares employee has to take cost of acquisition for all shares or for bal 400 shares?
29 April 2014
cost of acq will be only for those many share which u willing to sell i.e 400
30 April 2014
what did you with the 100 shares returned? cancelled the same? if yes, then compute TDS laibiility for 400 shares (this is on assumption that the shares were returned int the same year in which shares were issued). otherwise you need to deduct TDS on 500 shares.
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