Does waiver of Bonus shares entitlement amounts to relinquishment of right under section 2 (47) of Income tax act and hence chargeable as Capital Gains tax?
An earlier reply would be appreciated.
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Waiver of bonus shares entitlement
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Bonus Shares Entitlement if sold for a consideration, the taxable in capital gains .
for more queries : https://knowyourtaxation.blogspot.in/
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