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Capial gain


Dhawal Mohnot (Practicing)     27 April 2010

Dhawal Mohnot
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Issue of shares at premium by a company ....

 

Will it attract Capital Gain ?

Amir (Learner)     27 April 2010

Amir
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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}

avater

Dhawal Mohnot (Practicing)     27 April 2010

Dhawal Mohnot
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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.

avater

CA Dhiraj Ramchandani (CA, M. com)     27 April 2010

CA Dhiraj Ramchandani
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Well explained AMIR...

avater

DT Fundas - Tarun rustagi ( Author)     28 April 2010

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


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