Live Help
Get News Alerts from Taxmann.com on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
 

Sec. 56(2)(viia) not applicable to fresh issue of shares by closely held company: CBDT

January 9, 2019
311 Views
The Central Board of Direct Taxes (CBDT) has clarified that the provisions of section 56(2)(viia) shall not be applicable in cases of receipt of shares by the specified company or firm as a result of fresh issuance of shares including by way of issue of bonus shares, right shares and preference shares, by specified company.
read more

taxmann.com
Payment
Best view in 1140 x 768