Provision of section 56(2)(viib) of IT Act 1961, shall not apply ...
Income Tax Act: Section 56(2)(viib) Exemption for Startups Issuing Shares Above Face Value.
March 6, 2019
Notifications Income Tax
Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares in the case of Startup.
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