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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

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

1. Income-tax Act, 1961
2. Section 56 - Income from other sources - Income-tax Act, 1961