1. Can shares be transferred in kind? If yes, how is such consideration transfer will be reflected?
2. Even if the shares are transferred in cash, is it necessary to show the consideration transaction in the bank accounts of both the parties to transfer?
Menu
Transfer of shares in kind
Replies (1)
Shares can be transferred in kind (e.g., gifts or non-cash consideration), but you must comply with tax valuation rules under the Income Tax Act to avoid being taxed on the Fair Market Value. While
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
