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


Vice President (Corporate)

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
 
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Student

Thank you sir for sharing.
 
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