shareholder, being a person who is the beneficial owner of shares (not being shares entitled to a fixed rate of dividend whether with or without ... distribution is attributable to the capitalised profits of the company representing bonus shares allotted to its equity shareholders after the 31st day of March
Section 10 in The Income Tax Act, 1961
10. Incomes not included in total income
section (5) of section 11; or (A) shares in a public sector company; (B) shares prescribed as a form or mode of investment under clause ... accretion to the shares, forming part of the corpus mentioned in clause (i), by way of bonus shares allotted to the trust or institution;] [ Inserted
long as such failure continues, declare any dividend on its equity shares.] [ Inserted by Act 31 of 1988, Section ... company for the purpose of issuing fully paid-up bonus shares or paying up any amount for the time being unpaid on any shares held
company-Dealing in
shares-Bonus shares-Valuation.
HEADNOTE:
The assessee company dealt in shares and also held invest-
ments of shares on January ... price of shares became stable it was Rs. 9 - per
share, while the value of the shares before the issue of
bonus shares
whether by public issue [or rights issue or by issue of bonus shares] [Substituted by Act 45 of 2006, Section 2, for Clause ... shares in respect of share capital not paid-up; (ii) either with or without extinguishing or reducing liability on any of its paid-up shares
case of shares (not being bonus shares) allotted as fully or partly paid up otherwise than in cash, produce for the inspection and examination ... Clause (c) (w.e.f. 28.12.1960). ] (i) in the case of bonus shares, a return stating the number and nominal amount of such shares comprised
shares, it shall have power to issue shares up to the nominal amount of the shares redeemed or to be redeemed as if those shares ... shares in pursuance of this sub-section: Provided that, where new shares are issued before the redemption of the old shares, the new shares shall
spreading the cost of the old shares over the old shares and the new issue (viz. the bonus shares) taken together if they rank pari ... bonus shares is to take the cost of the original shares, spread it over the original shares and the bonus shares collectively and find
additional
shares. by way of bonus to the shareholders. Under the
Income-tax Act, 1922 , at the relevant time, issue of such
bonus shares ... shares would
normally be deemed to be distributed by the Company as
capital and the shareholder receives the shares as capital.
The bonus shares
