Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Addition u/s 68 - conversion of preference share into equity share - the only doubt is that the value of share premium charged is not truly reflecting the intrinsic value of the equity shares of the company - the amount of preference shares credited in the earlier year and no cash/sum credited in the books of accounts in current year which is the essential condition to apply the provisions of u/s 68 - no addition
Addition u/s 68 - conversion of preference share into equity share - the only doubt is that the value of share premium charged is not truly reflecting the intrinsic value of the equity shares of the company - the amount of preference shares credited in the earlier year and no cash/sum credited in the books of accounts in current year which is the essential condition to apply the provisions of u/s 68 - no addition
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