Showing posts from November, 2022Show all
Section 56(2)(viib) - Shares issued on premium by a closely held company

Section 56(2)(viib) - Shares issued on premium by a closely held company

November 27, 2022

This clause is applicable when a closely held company issues shares to a resident person on premium. In such a case, (I…

Read more
Section 56(2)(x) - Taxation of Gifts

Section 56(2)(x) - Taxation of Gifts

November 13, 2022

Section 56(2)(x) governs the provisions regarding taxability of gifts received by a person on or after 1st April 2017. …

Read more