GSR (E).- In exercise of the powers conferred under proviso to clause (87) of section 2, section 450 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules,
GSR (E).- In exercise of the powers conferred under proviso to clause (87) of section 2, section 450 read with sub-sections (1) and (2) of section..
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Introduced by Finance Act 2017 effective from AY 2018-19 onwards
✓ Covers all categories of person (including listed and widely held
companies)
✓ Rest of the provisions similar to section 56(2)(vii)
• The receipts could be from any person
• The receipts must be received on or after 1/4/2017
• Considered as income u/s 2(24)(xviia)
Introduced by Finance Act 2017 effective from AY 2018-19 onwards ✓ Covers all categories of person (including listed and widely held companies) ✓ Rest of the..
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