Shares consideration paid more than FMV
Pankaj Arora (Learner) (3134 Points)
24 October 2018I have below mentioned query.
ABC Ltd acquire 60% shares from Mr Ram, FMV of share is Rs 30/- and ABC Ltd paid Rs 80/- in consideration.
Please let me know if there is any provision attracted in income tax act for paying consideration more than its FMV.