Share premium received by a company exceeding book value will be taxable w.e.f 01.04.12.
If shares issued at premium partly paid before or up to 31.03.12. And call received after 01.04.12 what will tax effect?
Nirmal (Chartered Accountants) (38 Points)
13 April 2012Share premium received by a company exceeding book value will be taxable w.e.f 01.04.12.
If shares issued at premium partly paid before or up to 31.03.12. And call received after 01.04.12 what will tax effect?
CA PARAS BAFNA
(Practising CA )
(33423 Points)
Replied 20 April 2012
Sandeep Vishnu Chavan
(Partner)
(28 Points)
Replied 24 March 2015
CAclubindia
