Treatment of Shares Premium received by closely held company on issue of shares

CA.Sangam Aggarwal , Last updated: 31 January 2024 Share Follow on Google News

Introduction Before understanding the tax treatment of premium received by closely held company on issue of shares under section 56(2)(viib) of Income Tax Act, 1967 lets discuss the problem before introduction of this section with the help of example. Example: There is a Private company na

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CA.Sangam Aggarwal

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Secretary NIRC of ICAI (2022-23), Regional Council Member (2022-25), FCA, LLB, DISA, B. Com(H). CA by profession and social worker by heart. I like to debate on social issue. I love to travel and to watch movie recently i watch 12th Fail movie and it is classical movie. I believe in spreading the smile. Help student ... Read more

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Treatment of Shares Premium received by closely held company on issue of shares

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