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
Material type: Mixed materialsPublication details: 2013Description: 97-101Subject(s): NLM classification:- 336.2
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
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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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