Please Help: Bonus Shares
Posted Date : 20-May-2013 , 03:41:44 pm | Posted By: Ankit125
Category :
Income Tax | Answers :
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Comments :
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Whether Bonus Shares are taxable or not under Income Tax Act. 1961 |
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Answers:
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 Answer by: Vikash Kumar Jha |
| Yes
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| Answer by: CA Pardeep Chanana |
| Transfer of bonus shares is taxable in the income tax act.
There would be a long term/short term capital gain, if held as investment.
There would be business income if held as stock in trade.
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| Comments |
| Posted By : Jalpa Ganatra |
20-May-2013, 08:24:03 |
| YES bonus share are taxable there is provision under capital gain tax... |
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