Sec.56(2)(viia) not applicable to fresh issue of shares of company

Follow Thread

On 02 January 2019 1 Replies

Report

P C Agrawal

View Profile

My Other Post

Vice President (Corporate)

814 7997

Very important clarification dated 31.12.2018 from CBDT : Section 56(2)(viia) not applicable to fresh issue of shares by a company in which public are not substantially interested. It is applicable only in case of transfer of shares.

Thanks

Attached File : 9367 20190102160558 sec 562viia not applicable to issue of shares by a company 31122018.pdf downloaded 58 times

CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more.
know more »