https://www.taxtmi.com/forum/issue?id=3081 Taxability under section 56(2)(vii) is treated by one view as applying where the difference between Fair Market Value and issue price on allotment of shares is taxable under the valuation rule, subject to a monetary threshold; an alternative view holds that allotment of newly issued shares is not "received property" and so the deemed income rule does not apply, though employee allotments may still attract perquisite treatment if issued at lower price. en-us Fri, 17 Jun 2011 18:15:41 +0530 Thu, 23 Jan 2025 15:58:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3081 Taxability under section 56(2)(vii) is treated by one view as applying where the difference between Fair Market Value and issue price on allotment of shares is taxable under the valuation rule, subject to a monetary threshold; an alternative view holds that allotment of newly issued shares is not "received property" and so the deemed income rule does not apply, though employee allotments may still attract perquisite treatment if issued at lower price. Discussion-Forum Income Tax Fri, 17 Jun 2011 18:15:41 +0530 https://www.taxtmi.com/forum/issue?id=3081