Transfer of shares below FMV - a double taxation enigma

May 18,2017
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Nilesh Vichare (Executive Director, EY)

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  • Narendra Dhupar on Nov 04,2017

    What happens if a Private Company issues shares to existing shareholders at face value of Rs.10/- each when the book value is Rs.50/-??? Will it attract provisions of this section. I think the provisions are on transfer of property ??