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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Deemed income u/s 56(2) - consideration for issue of shares that ...

Case Laws     Income Tax

February 28, 2018

Deemed income u/s 56(2) - consideration for issue of shares that exceeds the face value of such shares - redeemable non-cumulative preference shares (RNCPS) - RNCPS cannot be excluded from the ambit of Section 56(2)(viib) of the Act.

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