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2(22)(a)/(d) applicable on premium paid on redemption of pref shares

Started by Pkj1979@gmail.com, April 04, 2015, 10:09:55 PM

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Pkj1979@gmail.com

If a co redeems p shares at premium, will the real premium paid is liable for ddt under clause (a)/(d) of section 2(22). What is the treatment of premium under income tax act for the company.