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Section 56(2)(viib) Exemption: Start-up Share Premiums Not Taxed if DPIIT Recognized, Subject to Conditions.
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....Angle Tax - Investment in Start-ups Recognized by DPIIT - Provision of section 56(2)(viib) of IT Act 1961, shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares subject to conditions - Notification....
TaxTMI
TaxTMI