About a merging process
This query is : Resolved
PRAMOD LOKHANDE
(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.
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.
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
