04 April 2015
A Pvt Ltd company has issued & alloted PREFERENCE shares at premium. Is premium on preference shares taxable in the hands of the company u/s 56 like premium on equity shares? If Yes, what is the method of valuation of Fair Market Value for the purpose of calculating Income?
04 April 2015
As per the method defined under rule 11 ua of income tax rules. For precise answer of your query need to know all facts. You may call me on 9015980399
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