Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

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 closely held company receives in any previous year from any person, being a RESIDENT any consideration for issue of shares that exceeds the face value of such shares then Aggregate consideration received for such shares - Fair market value of the shares shall be income from other sources in the hands of the company. NON APPLICABILITY OF SECTION 56(2)(viib) This shall not apply w .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version