Applicability of Sec 56 (vii)

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..... An existing private ltd company issuing further shares to only few existing shareholder at face value.?? Weather this attracts Sec 56(vii) ? - Reply By Rama Krishana - The Reply = The provisi .....

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..... ons do not talk about the face value. It talk about the fair market value. In general as I understand, fair market value may not be more than fair market value in case of ongoing company. The income .....

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..... is taxable which is in excess of fair market value. It is a question of facts. But, you have fair chance to prove your side. - Applicability of Sec 56 (vii) - Query Started By: - MANOJKUMAR KABRA .....

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..... Dated:- 25-2-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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