TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Share on linkedin   Telegram

Home Notifications 2019 Income Tax Income Tax - 2019 Section 056 This

  • Login
  • Notifications
  • Plus+

Forgot password       New User/ Regiser

Register to get Live Demo



 

Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares in the case of Startup. - 13/2019 - Income Tax

Extract

..... Superseded vide NOTIFICATION NO. 30/2023 dated 24-05-2023 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 13/2019 New Delhi, the 5th March, 2019 S.O. 1131(E).- In exercise of the powers conferred by clause (ii) of the proviso to clause (viib) of sub-section (2) of section 56 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of Government of India in the Ministry of Finance, Department of Revenue, Central Board of Direct .....

x x x x x   Extracts   x x x x x

Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares in the case of Startup. - 13/2019 - Income Tax

x x x x x   Extracts   x x x x x

  1. 30/2023 - Dated: 24-5-2023 - Income Tax - Angle Tax - Start-ups Recognized by DPIIT - Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares in the case of Startup, subject to conditions - Supersession Notification No. 13/2019 dated 5th March 2019
  2. G.S.R. 127(E) - Dated: 19-2-2019 - Indian Law - Eligibility criteria for an entity to be considered as Startup w.e.f 19-2-2019
  3. 24/2018 - Dated: 24-5-2018 - Income Tax - Relaxation from the conditions of issue of shares at premium in excess of Fire Market Value u/s 56(2)(viib) where approval has been granted by the Inter-Ministerial Board of Certification