I own two very good company shares whose market value is close to 1 crore now. The face value of these shares is Re. 1/- only. I have held these shares for about 30 or more years. I got combined dividend income of 1.2 lakhs for last the financial year.
Should I hold the shares or sell them at the present price, deposit the proceeds as FDs in nationalized bank and choose to pay tax on the interest accrued? Which would you suggest and why? In case I decide to sell these, what are the safe investment avenues with good returns available to me?
CAclubindia
