Right issue


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 Right issue by listed company renounced by shareholder in favour of other person will attract sec 56??

Rupesh Jain (Expert)
12 August 2014 taxable under income from capital gain...

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 but its not a closely held co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2014 but its not a closely held co.

TKKKKKK (Expert)
12 August 2014 capital gain =

sale price

Less purchase price - 0000

(because he has not invested single rupee to purchase the share. But he has transfer his right to purchase. and right to purchase attracts capital gain.


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