A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P600,000. Cost of the shares sold is P650,000. Compute for the capital gains tax.
A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P600,000. Cost of the shares sold is P650,000. Compute for the capital gains tax.
Chapter19: Corporations: Distributions Not In Complete Liquidation
Section: Chapter Questions
Problem 25CE
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A resident citizen taxpayer sold share of stock of a domestic corporation directly to the buyer at its fair market value amounting to P600,000. Cost of the shares sold is P650,000.
Compute for the
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