https://www.taxtmi.com/highlights?id=2293 Right to subscribe to shares in future - Section 45(1) provides that any profits or gains from the transfer of capital asset are taxable as capital gains, but then, even going by the documents produced by the assessee, here is a case in which the assessee did not own any capital asset in the form of shares when he claims to have sold the same - The gains are, therefore, cannot be taxed under the head 'Capital gains'.... - AT en-us Wed, 07 Dec 2011 12:32:16 +0530 Wed, 07 Dec 2011 12:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2293 Right to subscribe to shares in future - Section 45(1) provides that any profits or gains from the transfer of capital asset are taxable as capital gains, but then, even going by the documents produced by the assessee, here is a case in which the assessee did not own any capital asset in the form of shares when he claims to have sold the same - The gains are, therefore, cannot be taxed under the head 'Capital gains'.... - AT Highlights Income Tax Wed, 07 Dec 2011 12:32:16 +0530 https://www.taxtmi.com/highlights?id=2293