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transfer of shares of private company below FMV
is there any tax liability on private company when shares of the same are transferred between shareholders at a price below the FMV calculated under rule 11UA
Replies (2)
Hi Shubhank,
The implications of transferring shares at a price below FMV will fall upon buyer and seller of shares. There is no implied tax liability on company under rule 11UA.
ok thanks
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