CASANSAAR CA Sansaar

Q. > Please Help: sec 68
user

858 views • Question added May 20, 2011 • Income Tax • By kamlesh kumar gupta , CA , delhi


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

2 Answers

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


subscribe
user

nikhil agrawal

23-May-2011 , 01:38:14 am

it 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

user

CA MANOJ GUPTA

23-May-2011 , 10:36:55 am

u 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

Ask a question:
Experts Panelist
Profile Image
Rambabu Senkarasetti
Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 409
Profile Image
CA Satuti Mahajan
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 291
Profile Image
Vikash Kumar Jha
Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 270
Profile Image
Rishabh Upadhyay
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 257
Profile Image
Ashish Karundia
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 257
Profile Image
Mrattunjay
Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 220
Profile Image
PRIYANKA
Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 136
Profile Image
CA. SURESH Kr. AGARWAL
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 131
Profile Image
Vaneet Gupta
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 120
Profile Image
Ketan Samdani
Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT
Answers Posted : 117
View more
4896
QUESTIONS
4699
ANSWERS
833
EXPERTS
2730
QUERIST
Home Jobs Empanelment Queries Profile