Capital gain
This query is : Resolved
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?.
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
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?.
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?.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Bank Accounts in Balance Sheet for ITR 3
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
