| Question And Answer | |
|---|---|
| Subject: | Sale of shares at face value |
| Category: | Income-Tax |
| Querist: | Rajarajeswaran P V |
| Answered by: | Advocate Shashi Ashok Bekal |
| Tags: | Capital Gains, sale of shares at face value |
| Date: | December 16, 2023 |
A private limited company sells 26% of its shares to a person who purchases the solar power generated by the company. Can the shares be sold at face value, as the shares will be bought by the sellers on termination of the contract
We have not understood your query. It is advisable to have all transactions at Fair Market Value to avoid any adverse implications under the Income-tax Act, 1961.
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