Relaxation from the conditions of issue of shares at premium in excess of Fire Market Value u/s 56(2)(viib) where approval has been granted by the Inter-Ministerial Board of Certification

Relaxation from the conditions of issue of shares at premium in excess of Fire Market Value u/s 56(2)(viib) where approval has been granted by the Inter-Ministerial Board of Certification https://www.taxtmi.com/notifications?id=125439 Exemption disapplies the deeming provision treating share issue consideration above face value as income under section 56(2)(viib) where the Central Board of Direct Taxes has approved the share issue under the GSR notification approval mechanism; the notification supersedes a prior one and is retrospective to the GSR notification's operative date. en-us Thu, 24 May 2018 00:00:00 +0530 Tue, 27 Aug 2019 17:46:00 +0530 TaxTMI RSS Generator Relaxation from the conditions of issue of shares at premium in excess of Fire Market Value u/s 56(2)(viib) where approval has been granted by the Inter-Ministerial Board of Certification https://www.taxtmi.com/notifications?id=125439 Exemption disapplies the deeming provision treating share issue consideration above face value as income under section 56(2)(viib) where the Central Board of Direct Taxes has approved the share issue under the GSR notification approval mechanism; the notification supersedes a prior one and is retrospective to the GSR notification's operative date. Notifications Income Tax Thu, 24 May 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=125439