issue of share
This query is : Resolved
10 September 2009
i want to know if a private limited company has issue price rs 10 and the shares is being subscribed at rs 30 ,then rs 20 which is premium is liable for tax??????????
Ankur Garg
(Expert)
10 September 2009
Agree.
Share premium is not taxable as it is not income.
Share premium is not taxable as it is not income.
CA CHINTAN AJMERA
(Expert)
10 September 2009
No
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