TMI Blogshare premium - income from other sources - Section 56(2)(viib) of the Act which seeks to tax amount...share premium - income from other sources - Section 56(2)(viib) of the Act which seeks to tax amount received in excess of fair market value of shares only applies from Assessment Year 2013-14. Hence, share premium is not taxable in AY 2012-13. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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