Section 56(2) of income tax act.
This query is : Resolved
11 March 2013
Hello Sir/madam
I want to know some Expert Opinion on below Case
"A" Private limited Company has 1 Cr. Authorised Capital, and his Paid Up Capital is Rs. 1 Lac,His Face value Per Share is Rs. 10, Company Fair Marker Value Per Share is Approx 22 Rs. Now it issue Further 99000 Share At Rs. 20 (10 Rs. Premium),
Now i want to know that Can This Premium Amount is Taxable.
Another Question
Suppose Company issue his 99000 Share at Rs. 120 (110 Rs. premium up to 31.03.2013 then can this Amount is Taxable.
Thanks
I want to know some Expert Opinion on below Case
"A" Private limited Company has 1 Cr. Authorised Capital, and his Paid Up Capital is Rs. 1 Lac,His Face value Per Share is Rs. 10, Company Fair Marker Value Per Share is Approx 22 Rs. Now it issue Further 99000 Share At Rs. 20 (10 Rs. Premium),
Now i want to know that Can This Premium Amount is Taxable.
Another Question
Suppose Company issue his 99000 Share at Rs. 120 (110 Rs. premium up to 31.03.2013 then can this Amount is Taxable.
Thanks
11 March 2013
Premium amount is not taxable.
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
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- 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
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
