Receipt of share premium can’t be assessed as unexplained credit where the transaction, identity of the payer and capacity of the subscriber are genuine
As per section 68 of the Income Tax Act, if the shares are issued at the premium which defies commercial prudence, the receipt of such... Read More
Income Tax News, Judgments, Act, Analysis, Tax Planning, Advisory, E filing of returns, CA Students
ITRToday helps you stay updated with latest Direct income tax consultants, tax refund & provides guidance to Students of CA, CS, CMA, Advocate, MBA etc.
Major Changes Expected in Direct Tax Code 2025 and why these matter 
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