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Tax applicability on profit on forfeiture

This query is : Resolved 
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(Querist)
07 September 2013 If after reissue of forfeited shares, the amount lying in share forfeited account is transferred to capital reserve account as profit on reissue of shares, whether tax would have to paid on it? If yes, under which head it would be paid?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
08 September 2013 Other sources
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