In case of issue of shares at premium by listed companies, Share Premium is:

CS Executive · Tax Laws · PYQS · December 2023
In case of issue of shares at premium by listed companies, Share Premium is:
(A) Considered as an Income under the Head Capital Gain
(B) Considered as an Income under the Head Income from Other Sources
(C) Considered as an Income Under the Head Profits and Gains from Business/Profession
(D) Not considered as Income at all

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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