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issue of share

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(Querist)
10 September 2009 i want to know if a private limited company has issue price rs 10 and the shares is being subscribed at rs 30 ,then rs 20 which is premium is liable for tax??????????
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Rajesh

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Rajesh (Expert)
10 September 2009 NO TAX ON SHARE PREMIUM
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Ankur Garg

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Ankur Garg (Expert)
10 September 2009 Agree.

Share premium is not taxable as it is not income.
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
10 September 2009 No

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