Section 56(2)(viib) of Income Tax Act applies from AY 2013-14; AY 2012-13 share premiums not taxable.

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....share premium - income from other sources - Section 56(2)(viib) of the Act which seeks to tax amount received in excess of fair market value of shares only applies from Assessment Year 2013-14. Hence, share premium is not taxable in AY 2012-13.....