https://www.taxtmi.com/acts?id=45740 Amendment deems recipients of bonus shares (not issued wholly from the share premium account) chargeable to income-tax under the head Capital gains on the fair market value of such shares as of the date next following the thirty-day period from allotment, treated as income of the previous year in which that date falls; excludes shares in stock-in-trade and allotments before 1 April 1964; section 48 does not apply; treated as capital assets other than short-term. Transfers before expiry of the thirty-day period exclude profits from total income; otherwise transfers are includible in the year of transfer. en-us Mon, 02 Dec 2024 17:34:39 +0530 Mon, 02 Dec 2024 17:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45740 Amendment deems recipients of bonus shares (not issued wholly from the share premium account) chargeable to income-tax under the head Capital gains on the fair market value of such shares as of the date next following the thirty-day period from allotment, treated as income of the previous year in which that date falls; excludes shares in stock-in-trade and allotments before 1 April 1964; section 48 does not apply; treated as capital assets other than short-term. Transfers before expiry of the thirty-day period exclude profits from total income; otherwise transfers are includible in the year of transfer. Act-Rules F. Acts / Amendment Acts Mon, 02 Dec 2024 17:34:39 +0530 https://www.taxtmi.com/acts?id=45740