INCOME TAX EXEMPTION FOR STOCKS RECD

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SIR

my friend has recd stocks value rs 9 lakhs from his company and that amt has been included in his form 16 and tax deducted for it. can he get any tax exemption in this as he had recd it as only stocks and not money.pl explain in detail whether any other tax exemption can be claimed in this regard,

thank you

sujatha

Replies (4)

After all its asset, taxable as perquisite. No exemption available.

thank you sir

 

Most Welcome...              

Income tax exemption for stocks are never used . generally it's a seperate process.


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