Taxability on Gift of Capital asset by a Company

Namita Agarwal , Last updated: 10 September 2024  
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1. Sec.47 on transfers not regarded as transfers states as follows: (iii) any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will or an irrevocable trust; 2. The aforesaid clause (iii) of Section 47 of the Income Tax Act specifically states that any gift

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Namita Agarwal
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Category Income Tax   Report

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