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(Querist)
07 June 2013 If shares are allotted without any premium to new shareholder though book value of share is much higher. what is effect on company and purchaser of shares as per income tax act?
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
08 June 2013 Purchaser shall be liable to pay tax on the difference between the value at which the shares are allotted and the Book value.



Anuj
femaquery@gmail.com

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