#section 56
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811 articlesIncome Tax

Income Tax
No Angel tax on issuance of shares up to Rs. 25 crore
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Valuation for Share Premium on Preference share cannot be made on mere suspicion
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Bonafide business transaction cannot be taxed U/s. 56(2)(vii)
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No addition u/s 56(2)(vii)(b) if difference in valuation is less than 5%
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Angel Tax Relief U/s 56(2)(viib)- DIPP Notification
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Share valuation report without scientific basis can be rejected
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Section 56(2)(vii)(b) applies to rural agricultural land acquired below stamp value
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IMD bonds are securities and not fall within the meaning of any some of money
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CBDT Withdraws Circular No. 10/2018 – What made them withdraw?
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Tax cannot be levied on Gift Received From Brother-In-Law
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No addition U/s. 56 on receipt of shares as a result of fresh issuance of shares
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Income Tax
Angel Taxation in India
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Taxability of Gifts In India
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