Taxability of Share premium under Section 56(2)(viib)

Gursimaran Singh Rakhroy , Last updated: 28 July 2021  
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Section 56(2)(viib) was inserted via Finance Act, 2012. The objective of introducing the section was to deter the generation and use of unaccounted money done through subscription of shares of a closely held company, at a value which is higher than the Fair Market Value (FMV) of shares of such compa

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Published by

Gursimaran Singh Rakhroy
(Analyst)
Category Income Tax   Report

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