START UP -No tax on issuing share above market value
START UP CBDT has notified the Tax Exemption to the Start ups on issuing shares above market value as per the Notification Enclosed. Issuing shares above market value is taxable as per Section 56(2)(viib) of the Income tax act. But the central government can exempt certain classes from tax under Section 56(2)(viib) by Notification. As per… Read More »