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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

share premium - income from other sources - Section 56(2)(viib) ...

Income Tax

March 14, 2019

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.

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