Applicability of sec 297
This query is : Open
07 August 2014
Sir,
please be kind enough to clarify whether sec 297 is applicable when a company sales an immovable property held in as stock in trade?
Thanking for ur valuable time in advance.
please be kind enough to clarify whether sec 297 is applicable when a company sales an immovable property held in as stock in trade?
Thanking for ur valuable time in advance.
Ankur Garg
(Expert)
07 August 2014
Kindly appreciate now section 297 of Companies Act, 1956 is not applicable. Now Companies Act, 2013 is in force. You are advised to check section 188 as section 188 replaced Section 297. You are requested to elaborate the transaction to help you in this matter.
Thanks
Thanks
Message likes :
1 times
07 August 2014
respected sir,
the transaction i am referring to is of financial year 2013-14.
the transaction i am referring to is of financial year 2013-14.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
