Capial gain

HI Bro.,

I m wondering what made u think that way......:)) {Pls don't misunderstand me, just a thought........ nothing else!}

Anywaz,

No issue of shares either at premium or at par or at discount are not treated under Capital Gains.

Simple reason "NO Capital asset is transfered" while a Company issues shares rather asset is created with this issue process.....

{Though their redemption will definately be treated under head Capital gain}

not a problem at all sir. I und it was silly. But i just wanted to make myself clear rather than to live with this doubt in mind.

I tried going through all the sections possible . Was confident that it wont be the case . But even then wanted to confirm once.

Thanks bhai for the help.

Well explained AMIR...

since there is no transfer in the hands of company,no capital gain arises.and very much agreed with amir bhai