Regarding section 56(2)(viib)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2014
If a company has received application money before applicability of section 56(2)(viib) i.e. before 1st April, 2013 but allotment has been made after 1st April, 2013. Then also the difference between the amount of FMV and the price on which the shares has been alloted i.e. premium amount is taxable or not?
14 March 2014
the section is applicable from 1 April 2012. so it is immaterial whether money was received before or after April 2013. It difference between FMV and paid prive shall be taxable.
Message likes :
1 times
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
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- Insurance make against any item and later get insurance claim received
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- ITR-U for AY21-22
- E-Invoice applicability related question
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Surcharge applicability on LTCG loss
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
