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Discussion > Income Tax > Tax queries >

Issue of shares at premium in kind

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proprietor

[ Scorecard : 33] 		Posted On 23 April 2012 at 12:23 Report Abuse

Authorised capital is Rs.60 lacs.Issued and subsribed capital is Rs.9 lac.Co wants to fully subsribe share capital by issue of shares at premium in kind.Asset received is movable i.e ship tug against issue of share at share premium.Or if asset is immovable i.e 2 flats for issue of shares at premium in kind.Which course of action is beneficial.What are the compliances under various acts.

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