Capital gain

Save Share

This query is : Resolved

ANIL BANSAL (Querist)

11 February 2014 A is an individual and she is transferring her property to xyz co. and consideration will be shares. Does capital gain arise on this situation?.

Chinay Solanki

Chinay Solanki (Expert)

12 February 2014 Yes it will be taxable. But there are other issues too. So if u want the exact treatment, mail me your details to cachinay@gmail.com

ANIL BANSAL

ANIL BANSAL (Querist)

12 February 2014 Under clause xiv of Section 47, it can attract?. If that individual transfer all business to that company and can get shares from that company?.

ANIL BANSAL

ANIL BANSAL (Querist)

12 February 2014 Under clause xiv of Section 47, it can attract?. If that individual transfer all business to that company and can get shares from that company?.

Chinay Solanki

Chinay Solanki (Expert)

12 February 2014 Sir, that clause is applicable for transfer of asset by holding to its subsidiary, which is clearly not your case.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now