Shares related
This query is : Resolved
CA LAVESH VASYANI
(Querist)
07 June 2013
If shares are allotted without any premium to new shareholder though book value of share is much higher. what is effect on company and purchaser of shares as per income tax act?
CA. Anuj Gupta
(Expert)
08 June 2013
Purchaser shall be liable to pay tax on the difference between the value at which the shares are allotted and the Book value.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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