Share premium in excess of fair market value deemed as income Insertion of section 56(2) (viib) by finance act, 2012 w.e.f. 01/04/2013

By:

REPUDAMAN, THAKUR

Material type:

Mixed materialsPublication details: 2013Description: 97-101Subject(s):

TAXATION

NLM classification:

336.2

In: CHARTERED ACCOUNTANTMSummary: Insertion of new clause in section 56(2) will apply where a company, not being a company in which the public are substantially interested, receives, in any previous year, from any person being a resident, any consideration for issue of shares, thesection provides for the specific category of incomes chargable to income tax under income from other sources.

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Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		61/9	Available		P14766

Insertion of new clause in section 56(2) will apply where a company, not being a company in which the public are substantially interested, receives, in any previous year, from any person being a resident, any consideration for issue of shares, thesection provides for the specific category of incomes chargable to income tax under income from other sources.

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