Deemed income from purchase of shares - purchases at lower price ...

Buying Shares Below Fair Market Value May Trigger Tax Additions Under Income Tax Act Sections 69 or 56(2)(vii)(C).

June 26, 2019

Case Laws Income Tax AT

Deemed income from purchase of shares - purchases at lower price than FMV - addition u/s 69 OR u/s 56 (2)(vii)(C) - asset that has been transferred in this transaction in shares, which is covered under the definition of property as per clause (d) of the second proviso to the u/s 56(2)(vii) and FMV in respect of listed shares are the quoted price on the recognized stock exchange - taxable u/s 56(2)(vii)

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Deemed income from purchase of shares - purchases at lower price ...

Buying Shares Below Fair Market Value May Trigger Tax Additions Under Income Tax Act Sections 69 or 56(2)(vii)(C).

June 26, 2019

Case Laws Income Tax AT

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