Determining capital Gain on sale of shares received in exchange ...

Income Tax

May 7, 2022

Determining capital Gain on sale of shares received in exchange of membership of the broking concern - dues paid to certain creditors of the broking concern as cost of shares - the theory of payment to creditor for obtaining shares of membership of the stock exchange is only an ipse dixit of the assessee, devoid of cogent corroborative material. - AT

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Determining capital Gain on sale of shares received in exchange ...

Income Tax

May 7, 2022

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