Can a newly incorporated public Company without any reserves and surplus issue its shares at a premium of Rs 90/- without attracting Section 56(2) of the Income Tax Act?
Can a newly incorporated public Company without any reserves and surplus issue its shares at a premium of Rs 90/- without attracting Section 56(2) of the Income Tax Act?
Issue to new share holders no problem.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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O P Bagla & Co LLP
New Delhi
CA Inter
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R P S K & Associates
Nashik
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
