Extracts
Share premium received by closely held company [Sec. 56(2)(viib)]
Income Tax - Income from Other Sources - 04 - SEC 56(2)(viib) - SHARE PREMIUM RECEIVED BY CLOSELY HELD COMPANY Where a company not being a public company, receives in any previous year from any person, being a RESIDENT any consideration for issue of ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X hall not apply where consideration for issue of shares is received: By venture capital undertaking from a Venture Capital company/ Fund, because these are governed by rules of SEBI. By a company from a class or classes of persons as may be notified b ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X
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