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Issuance of equity shares

This query is : Resolved 
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(Querist)
18 July 2013 Pl any body tell us, we can issue of equity shares on premium of pvt. ltd. co. and we hv take premium above book value. what is the tax treatment if premium above book value.
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Anil Sankar V

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Anil Sankar V (Expert)
18 July 2013 NOT TAXABLE.
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