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About a merging process

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(Querist)
22 September 2015 Respected Experts,

Sir I am working in one group of companies and where we have planned to merge two of our firms. One is proprietary firm & other is private limited where the proprietor is director.

We will transfer the assets and liabilities from prop. firm to pvt. Ltd. and for that pvt. Ltd. company will issue the shares to the proprietor.

I want to know specifically about what will be the capital gain impacts in that.

Please guide.
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Amol S Joglekar

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Amol S Joglekar (Expert)
22 September 2015 Are you doing the limp sum sale or piece wise sale of the assets?

If piece wise : compute the short term capital gain as the difference between the book value and the price at which the individual asset is transferred
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