Easy Office
LCI Learning

Section 56 (2) (vii) b

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 October 2017 Section 56 (2) (vii) b applicable to foreign nationals ?

In a closely held company if shares are issued to a foreign national at premium , the premium amount above the FMV of shares is taxable ?

Non Residents are exempted.This exemption applicable to foreigners also ?
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
10 October 2017 Exemption applicable to foreign nationals as the Section 56 (2) (vii) b mentions "non- resident" and not nationality.

Waiting other experts opinion

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links