Applicability of Section 56(2)(x) on Share received through Right Issue

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....pplicability of Section 56(2)(x) on Share received through Right Issue<br> Query (Issue) Started By: - SUDHIRKUMAR SHAH Dated:- 14-2-2020 Income Tax<br>Income Tax<br>Mr. X received 25000 shares of M/s....

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.... ABC Private Limited at a face value of &#8377; 100/- per share through right issue offer. The FMV of unquoted share of the company as on the date of issue is &#8377; 200/-. per share. Whether Mr.X is....

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.... required to pay tax on amount of &#8377; 25,00,000/- (25000 shares x100) being benefit he received through right issue u/s.56(2)(x) of Income Tax Act ?<br> Discussion Forum - Knowledge Sharing ....