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28/03/2018
Startup Fact #6
Did you know?
Under section 56(2)(VIIb) where a Private limited company receives any consideration for issue of shares which exceeds the Fair Market Value (FMV) of such shares, such excess consideration is taxable in hands of the company under Income from Other Sources.
However, for companies registered under Startup India scheme, there is no such Tax Liability.
Stay Tax proof with .
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