Proposed income tax amendments in Budget 2012-13-Part-2

Amit Bajaj , Last updated: 20 March 2012 Share Follow on Google News

Consideration in excess of F.M.V of shares to be treated as income from other source if consideration received is in excess of Face Value of shares: It is proposed to insert a new clause (viib) in the aforesaid sub-section so as to provide that where a company, not being a company in which the pu

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About the Author

Amit Bajaj

Tax Attorney

I am an Advocate.I have done B.com, LL.B. I have been practising tax laws including Income Tax, VAT,Service Tax as an Advocate for last 8 yrs and a professional writer on tax laws. Also have a blog wherein I have been writing articles for 3 yrs now http://www.amitbajajadvocate.com My articles are also be ... Read more

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