Gift of Shares to the Director
This query is : Resolved
Jayesh Jagetiya
(Querist)
30 December 2008
One company A giving shares to his Directors as gift, value of shares is in crores of Rs.
Will the Company liable to pay FBT on the same?
Will the Director liable to pay income Tax?
Please answer in following 2 situations:-
1. Shares are of compny A
2. Shares are of any other company.
Will the Company liable to pay FBT on the same?
Will the Director liable to pay income Tax?
Please answer in following 2 situations:-
1. Shares are of compny A
2. Shares are of any other company.
Jayesh Jagetiya
(Querist)
31 December 2008
Please reply.........
Dhirajlal Rambhia
(Expert)
24 June 2023
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