Capital Gain
This query is : Resolved
29 June 2011
Wheather the amount recieved on redemption of preference share or debunture taxable under capital gain? Can Redemption be considered as transfer of capital assets u/s 2(47)?
29 June 2011
For capital gains on redemption of preference shares it is to be treated as capital gains. Apply the index cost and find out if any capital gain arising on redemption of preference shares. The preference shares are not traded and listed in Stock exchange and accordingly all rules as applicable to capital gains shall be applicable it might be long term or short term. This depends on holding of the assets.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Transfer of MF
- Two pancard
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Regarding E-invoice Generation
- Can we claim ITC in 28%
- Wrongly goods delivered to other state
- Loans and borrowing
- Interest on borrowed capital rental income
- GST APPLICATION
- CA Final exam Form
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
