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

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Section 56(2)(viib) was inserted via Finance Act, 2012. The objective of introducing the section was to deter the generation and use of unaccounted money done through subscription of shares of a closely held company, at a value which is higher than the Fair Market Value (FMV) of shares of such compa
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Gursimaran Singh Rakhroy

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