Incometax disclosure income-2016

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2016 I have purchased some shares in 1996 out of my taxable income. The cost of the same were 2.24 lakhs in 1996.I have disclosed the dividend income from these shares throughout my assessments since 1996.Now the market value of these share comes to around 150 lakhs. Would it attract any liability under IDS-2016...Thank you

27 September 2016 No, it will not attract any liability under IDS, as the shares were purchased out of taxable income.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2017 Thank you, Sir for your reply...May God keep you under HIs exuberant love and care


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