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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

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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