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Exemption under Section 56(2)(viib)

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(Querist)
14 April 2021 How would a company who has claimed exemption u/s 56(2)(viib) withdraw the same voluntarily?
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Asha Kanta Sharmapro badge (Expert)
07 July 2024 Under Section 56(2)(viib) of the Income Tax Act, 1961, startups are eligible for exemption on consideration received from issuance of shares exceeding the fair market value (FMV).

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