Company taxation rule broadened to any prevailing company law and to require prescribed method for computing amount received for shares. Amendment replaces the specific citation to the Companies Act, 1956 with a general reference to any law relating to companies, and requires that the ... Summary
Company taxation rule broadened to any prevailing company law and to require prescribed method for computing amount received for shares.
Amendment replaces the specific citation to the Companies Act, 1956 with a general reference to any law relating to companies, and requires that the amount received by the company for issue of shares be determined in the manner as may be prescribed.
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