Dear Friends,
In section 68 new clause is inserted regarding share premium w.e.f. 1st April 2013. I want to know whether this is effective from Financial Year 2013-14 or Assessment year 2013-14.
Thanks
Dear Friends,
In section 68 new clause is inserted regarding share premium w.e.f. 1st April 2013. I want to know whether this is effective from Financial Year 2013-14 or Assessment year 2013-14.
Thanks
Dear Sumit
i have my doubt about the question becouse
(1) As per Income tax act - Section 68 is related to Cash Credits
(2) As per companies act - section 68 is related to penalty for fraudulently including persons to invest money.
So please correct ur question.
Thanks
Shankar
Dear Shankar,
It's about income tax only.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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