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Basis of calculation of security premium

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 December 2014 Dear Sir,
If a Private Company Issue Shares at a premium to its existing shareholders, but if Income tax officer ask for the Justification for the basis calculation of the premium amount, what reasons can be given?
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Ketan Shah

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Ketan Shah (Expert)
01 January 2015 The premium has to be calculated w.r.t net worth of the company issuing the shares.

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