Income from other sources
This query is : Resolved
14 January 2012
Mr. A has transferred unqouted shares to Mr. B for Rs. 5 fair value of which is Rs. 10. What is the tax implication in the hands of both transferor and transferee?
Plz reply at your earliest
Plz reply at your earliest
14 January 2012
Capital Gain in A's hand will be calculated on the basis of Rs. 10.
.
When B will sale the shares , cost of acquisition will be calculated @ Rs.5/-.
.
.
When B will sale the shares , cost of acquisition will be calculated @ Rs.5/-.
.
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