Capital gain
This query is : Resolved
28 January 2013
co. paid up capital is Rs 1,00,000 while its have an assets of Rs 5,00,00,000 can we sale co. on its paid up value? what will be its consequences? tax provision
Amol S Joglekar
(Expert)
28 January 2013
You need to compute the fair market value of the shares. The difference shall be treated as capital gain.
28 January 2013
but we are only transferring the shares. at its paid up value
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