Capital surplus is taxable or not

g vinod kumar (acc exe) (21 Points)

16 March 2020  

Hi

We have started a pvt ltd in 2013 with paid up capital 1crore, authorised capital 5 crore.

Now we have received investment of Rs 3 crore for 375000 shares @ Rs. 80 per share. Par value of share is Rs. 10.

In this case the capital surplus around 2.62 crores is taxable or not ?

If taxable what is the tax rate ? please clarify.

 

Thanks