Basis of calculation of security premium
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2014
Dear Sir,
If a Private Company Issue Shares at a premium to its existing shareholders, but if Income tax officer ask for the Justification for the basis calculation of the premium amount, what reasons can be given?
If a Private Company Issue Shares at a premium to its existing shareholders, but if Income tax officer ask for the Justification for the basis calculation of the premium amount, what reasons can be given?
Ketan Shah
(Expert)
01 January 2015
The premium has to be calculated w.r.t net worth of the company issuing the shares.
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