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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

29 April 2014 cost of acq will be only for those many share which u willing to sell i.e 400

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

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.

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