CASH PURCHASE OF SHARES

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....ASH PURCHASE OF SHARES<br> Query (Issue) Started By: - NAMAN DOKANIA Dated:- 23-6-2021 Last Reply Date:- 30-6-2021 Income Tax<br>Got 1 Reply<br>Income Tax<br>Can mr. A purchase shares of company amoun....

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....ting 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 Ahmad: The Reply: Pl. Refer case law Swati Luthra ....

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....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 shares in cash. The only look out is that the onus of p....

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....rving genunity of the transactions will be on the shoulder of the assessee. So all legal formalities for transfer of shares should be made perfect in all respect.<br> Discussion Forum - Knowledge Shar....

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....ing ....