If a Private limited company re-issues its forfeited shares which were issued as partly paid up shares and at premium, whether any tax liability arises under the income tax act?
regards,
Suresh Prasad
(www.aubsp.com)
(15630 Points)
Replied 18 November 2010
NO, I Think there will no tax implication.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)