https://www.taxtmi.com/highlights?id=68100 Bringing the non-resident investors within the ambit of section 56(2)(viib) - it is proposed to include the consideration received from a non- resident also under the ambit of clause (viib) by removing the phrase ‘being a resident’ from the said clause. This will make the provision applicable for receipt of consideration for issue of shares from any person irrespective of his residency status to eliminate the possibility of tax avoidance. en-us Sat, 04 Feb 2023 12:32:09 +0530 Sat, 04 Feb 2023 13:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68100 Bringing the non-resident investors within the ambit of section 56(2)(viib) - it is proposed to include the consideration received from a non- resident also under the ambit of clause (viib) by removing the phrase ‘being a resident’ from the said clause. This will make the provision applicable for receipt of consideration for issue of shares from any person irrespective of his residency status to eliminate the possibility of tax avoidance. Highlights Income Tax Sat, 04 Feb 2023 12:32:09 +0530 https://www.taxtmi.com/highlights?id=68100