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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Benefit of section 54E - LTCG / STCG – bonus shares issued by a ...


Bonus Shares' Acquisition Date is Issuance Date: High Court Clarifies Tax Benefits u/s 54E for Capital Gains.

August 17, 2014

Case Laws     Income Tax     HC

Benefit of section 54E - LTCG / STCG – bonus shares issued by a company are acquired by a shareholder when they are issued, and they must be taken to be held by the shareholder from the date of their issue, and not from the date when the original shares - HC

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