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Nikita Khandelwal (Student)     08 January 2009

Securities Premium A/c

Hey friendz

just wanted to know if  securities premium which is raised at the time of Public Issue is Taxable???



 1 Replies

srilakshmi

srilakshmi (ca final)     08 January 2009

securties premium is a reserve and will get included in the reserves and surpluses in the liabilities side of the balance sheet but not profit and loss A/c .hence it is not income to the company which is taxable.therefore not taxable


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