Section 56(2)(viib): Excess Value of Redeemable Non-Cumulative Preference Shares Subject to Taxation Under Income Tax Act.

Section 56(2)(viib): Excess Value of Redeemable Non-Cumulative Preference Shares Subject to Taxation Under Income Tax Act. https://www.taxtmi.com/highlights?id=38178 Deemed income u/s 56(2) - consideration for issue of shares that exceeds the face value of such shares - redeemable non-cumulative preference shares (RNCPS) - RNCPS cannot be excluded from the ambit of Section 56(2)(viib) of the Act. en-us Wed, 28 Feb 2018 09:22:27 +0530 Wed, 28 Feb 2018 09:22:27 +0530 TaxTMI RSS Generator Section 56(2)(viib): Excess Value of Redeemable Non-Cumulative Preference Shares Subject to Taxation Under Income Tax Act. https://www.taxtmi.com/highlights?id=38178 Deemed income u/s 56(2) - consideration for issue of shares that exceeds the face value of such shares - redeemable non-cumulative preference shares (RNCPS) - RNCPS cannot be excluded from the ambit of Section 56(2)(viib) of the Act. Highlights Income Tax Wed, 28 Feb 2018 09:22:27 +0530 https://www.taxtmi.com/highlights?id=38178