section 2(47),,...
This query is : Resolved
GAURAV JAIN
(Querist)
20 August 2010
if company allotes shares to its employee under ESOP than these transaction will not be covered under section 2(47) of income tax act (i.e. not cover in transaction not regarded as transfer) and it is subject to capital gain but shares issued by company is not capital assets for it, so why will capital gain be arise in the hands of company???plzz explain in detailss and thanx in advance...
taxindiaconnect
(Expert)
20 August 2010
Question is not clear
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