Applicability of Section 56(2)(x) on Share received through Right Issue

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..... Mr. X received 25000 shares of M/s ABC Private Limited at a face value of ₹ 100/- per share through right issue offer. The FMV of unquoted share of the company as on the date of issue is ₹ .....

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..... 200/-. per share. Whether Mr.X is required to pay tax on amount of ₹ 25,00,000/- (25000 shares x100) being benefit he received through right issue u/s.56(2)(x) of Income Tax Act ? - Appli .....

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..... cability of Section 56(2)(x) on Share received through Right Issue - Query Started By: - SUDHIRKUMAR SHAH Dated:- 14-2-2020 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post .....

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

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