Taxation on allotment of shares to directors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2011
A private limited company allotted shares to its wholetime directors at a value of 1/10th of the book value of shares. Does any tax liability occurs on directors or Company on this?
26 August 2011
Hi,
Allotted as what?
Allotted as what?
07 August 2023
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