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Q. > Please Help: sec 68
Share Application money received by a pvt ltd company at premium (10+190)....can amt recd as share appl money be added u/s 68 declaring premium as relatbly high and unjustified
answered Feb 12, 2012 by Mrattunjay , New Delhi
Yes , may be.
Please share actual facts for final answer
answered Oct 01, 2013 by Vaneet Gupta , Delhi
Yes
CA Sansaar

Comments
nikhil agrawal
23-May-2011 , 01:38:14 amit depends, whether amt. received through misrepresentation or any misleading intent of the receiver. in the normal course, charging premium against the business repute is not good enough for sec. 68
CA MANOJ GUPTA
23-May-2011 , 10:36:55 amu have to prove identity and creditworthiness of applicants to avoid rigours of section 68 there is no problem as to share premium under section 68 CA MANOJ GUPTA JODHPUR 09828510543