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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Funds received in the form of share premium - additions u/s ...

Income Tax

August 3, 2018

Funds received in the form of share premium - additions u/s 56(2)(viib) r.w.s. 68 - Clause (viib) of Section 56(2) is triggered at the stage of computation of income itself when the share application money received, from a resident, by a Company, in which the public are not substantially interested; is above the face value.

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