CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
The Finance Act, 2023, brought in an amendment to bring the consideration received from non-residents for issue of shares by an unlisted company within the ambit of section 56(2)(viib) of the Income-tax Act, 1961(the Act), which provides that if such consideration for issue of shares exceeds the Fair Market Value (FMV) of the shares, it …
CBDT notifies changes to Rule 11UA in respect of ANGEL TAX Read More »