merger of companiies

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..... x ltd is holding 99% shares of y pvt ltd, and y pvt ltd is having share capital 10 lacs and share premium 190 lacs and 200 lacs in bank.whether on merger of two companies, whether share premium will b .....

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..... e taxable under IT Act,1961 - Reply By Rama Krishana - The Reply = What is the nature of share premium of Rs. 190 lacs? whether this amount has been collected while issuing shares capital of Rs. .....

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..... 10 lacs? If the answer is yes, I don't think that this amount would be taxable. But, before any other discussion, kindly elaborate your cause of concern that has created query in you mind about taxabi .....

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..... lity of such transaction upon merger. - merger of companiies - Query Started By: - satbir singh wahi Dated:- 1-7-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, re .....

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..... ply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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