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

Share Premium Funds Subject to Additions u/ss 56(2)(viib) and 68 of the Income Tax Act.

August 3, 2018

Case Laws Income Tax HC

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

Share Premium Funds Subject to Additions u/ss 56(2)(viib) and 68 of the Income Tax Act.

August 3, 2018

Case Laws Income Tax HC

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