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Valuation Requirement under Income Tax

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Proxcel Advisory
Valuation Requirement under Income Tax

As per Section 56(2)(viib), where a private company receives, in any previous year, from any person being a resident, any consideration for issue of shares that exceeds the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value (FMV) of the shares shall be chargeable to income tax under income from other sources.

Read article: https://www.proxcel.in/blog/valuation-requirement-under-income-tax/

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As a beginner filing an income tax return for the first time, you might not know one important thing. Following the financial year, July 31 of the assessment year is the last filing day of the year’s ITR. And unquestionably, collating the documents is just the most fundamental parameter to go for income Tax Return filing. If yes, you can collect the ITR form and proceed accordingly. Our Blog Link:- Click Here
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wealth direct 2019-09-26
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Even Tax Assessees who file their Income Tax Returns year over year miss out on some aspects by oversight or for various other reasons.

Filing Income Tax on time gives enough time to make course corrections and modifications to the earlier files returns.

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Taxzona 2022-05-11
img
Check out this guide on how you can file your income tax return without worrying about any mistakes. This makes filing your income tax return in Mumbai a breeze. in How to File Income Tax ReturnIf you are an individual resident in Maharashtra and your total income for the financial year is more than ₹24,000, you need to file an Income Tax Return. Fill out Form 8891, Request for an Extension of Time to File Indian Income Tax Return. If you are not resident in Mumbai but have income from any source during the tax year, you can still file an income tax return using the online e-filing service.
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Parveen Kumar 2023-11-30
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Income Tax Calculator
Soft radix 2020-06-22
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SAR Professional Corporation, CPA 2023-06-22
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January Personal Tax Return
jannatul fardous 2021-02-04
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