I-T dept withdraws circular on transfer of shares for `no or inadequate consideration

[ahlam1399]

I-T dept withdraws circular on transfer of shares for `no or inadequate consideration` (https://www.zeebiz.com/india/news-i-t-dept-withdraws-circular-on-transfer-of-shares-for-no-or-inadequate-consideration-78808) Zee BusinessThe CBDT had on December 31 said taxes need not be levied in cases where shares were "received" by a specified company as a result of fresh issuance of ...

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