Share issue by unlised company
This query is : Resolved
25 March 2025
Hi All
If existing private company issue shares at face value (even though FMV is higher than FV), what are the income tax implications of the same in the hands of transferor and transferee?
Thanks in advance.
If existing private company issue shares at face value (even though FMV is higher than FV), what are the income tax implications of the same in the hands of transferor and transferee?
Thanks in advance.
25 March 2025
For transferor it may not be taxed if first issue, but for transferee the tax on difference value will be liable under sec. 56(2) IT act.
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