CASH PURCHASE OF SHARES

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..... Can mr. A purchase shares of company amounting to rs. 30000/- in cash?? Is there any tax implication on the same with respect to income tax as well as Companies Act 2013 - Reply By SayadAziz Ah .....

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..... mad - The Reply = Pl. Refer case law Swati Luthra vs. ITO Delhi 2019 (7) TMI 526 - ITAT DELHI . In this case the honourable court geld that there is no interference in law which prohibits sale of .....

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..... shares in cash. The only look out is that the onus of prving genunity of the transactions will be on the shoulder of the assessee. So all legal formalities for transfer of shares should be made perfec .....

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..... t in all respect. - CASH PURCHASE OF SHARES - Query Started By: - NAMAN DOKANIA Dated:- 23-6-2021 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an exp .....

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..... ert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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