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Articles by Gursimaran Singh Rakhroy

Taxation of Cryptocurrencies

Posted by Gursimaran Singh Rakhroy 28 July 2021 1494 Views

The current dilemma faced by the government authorities is to come up with an efficient way of taxing cryptocurrencies, which in turn puts the crypto investor community in a jeopardy.

Interest earned out of share application is adjustable towards share issue expenditure

Posted by Gursimaran Singh Rakhroy 28 July 2021 950 Views

The issue with respect to the tax treatment of interest earned out of the share application money deposited with a bank due to a statutory requirement has been a matter of debate before the Courts.

Taxability of Share premium under Section 56(2)(viib)

Posted by Gursimaran Singh Rakhroy 28 July 2021 2984 Views

Section 56(2)(viib) was introduced to deter the use of unaccounted money done through subscription of shares of a closely held company, at a value that is higher than the FMV of the shares of such a company.