Capital Gain
This query is : Resolved
11 June 2011
U/s 17 share or any securities received from an employer free of cost is taxable as a perquisite, the value of such perquisite is market value of the security but, U/s 55 share or securities cost of acquisition is taken to be NIL which is acquired free of cost(Bonus share, renouncement of right share, etc). Is it not just like a double taxation? Amount on which tax is paid as tax on perquisite under income head salary why should not be treated as cost of acquisition?
11 June 2011
PL READ SECTION 49(2AA)
THERE IS NO DOUBLE TAXATION
CA MANOJ GUPTA
JODHPUR
09828510543
THERE IS NO DOUBLE TAXATION
CA MANOJ GUPTA
JODHPUR
09828510543
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