Incometax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 April 2012
Pvt. Ltd. Company had sold the 5% stake of the company to an Indian Resident. Company has collected share premium while selling the stake of the company. Whether share premium collected by a company is taxable ? If yes, then how the taxability be determined?
Also, consider the above query with NRI?
Also, consider the above query with NRI?
16 April 2012
Share premium is not taxable in income tax in hands of company.
If a person takes a stake in newly incorporated company as a promoter then no tax liablity arise in hand of company.
Incase of sale of share by a shareholder to another person capital gain arise in hands of seller.
If a person takes a stake in newly incorporated company as a promoter then no tax liablity arise in hand of company.
Incase of sale of share by a shareholder to another person capital gain arise in hands of seller.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
