Please Help: Bonus Shares
Posted Date : 20-May-2013 , 03:41:44 pm | Posted By Ankit125
Whether Bonus Shares are taxable or not under Income Tax Act. 1961
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 87
Answers
Answer By: Vikash Kumar Jha
Yes
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.
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.
Comments
Jalpa Ganatra
20-May-2013 , 08:24:03 pmYES bonus share are taxable there is provision under capital gain tax...