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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
