26 March 2021
Assessee Purchased share in march 2016 of ABC company and in march 2018 assessee got bonus shares of XYZ company (issued by ABC company) What will be Tax Liability under section 112A of income tax act for bonus shares ?? As bonus shares Received after the cutoff date 31-01-2018 . whether Grandfathering rule will apply in that case??
CAclubindia
