Co issued redeemable non convertible debentures in lieu of bonus shares

kishorkumar d adhia (Querist) 24 July 2013 This query is : Resolved
INDUSTRIES ISSUED REDEEMABLE NON CONVERTIBLE DEBENTURES IN LIEU OF BONUS SHARES

IS IT TAXABLE IF YES AT WHICH POINT:

1 IS IT TAXAABLE : AT THE TIME OF ISSUANCE OF DEBENTURES (IS IT TAXABLE AS SHORT TERM CAPITAL GAIN)

2 IS TAXABLE AT THE TIME OF REDEMPTION IF YES IS IT TAXABLE AS LONG TERM CAPITAL GAIN IF IT IS REDEEMED AFTER 3 YEARS OF ISSUANCE.

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ajay sethi (Expert) 26 July 2013
raise your query in CA club.com

prabhakar singh (Expert) 26 July 2013
Often come with co.law problems.Who are you?

Guest (Expert) 26 July 2013
Since you are a tax consultant, in my views, you are supposed to know much better than others about the solution to your own query.

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Co issued redeemable non convertible debentures in lieu of bonus shares

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