Income tax on sale of MEIS Scrips, Income Tax

[Ankur Mittal]

Hi, we have been issued some MEIS scrips last FY, but planning to sale it this year. So, should we pay income tax on sale of these scrips this year or has to be added in last years income?

Posts / Replies

[MUKUND THAKKAR]

According to me yes, it is part of Sales./ other Income and need to pay GST in retaliation of taking any services for getting MEIS.

[AshaKanta Sharma]

GST needs to be paid on sale of the same.