Capital gain
This query is : Resolved
20 February 2016
What is the Tax Implication in case of transfer of asset to its subsidiary (Not Wholly Owned Subsidiary).
Also Is VAT Applicable on this transaction??
Also Is VAT Applicable on this transaction??
20 February 2016
The capital gain is required to be computed and pay the tax accordingly. VAT is also applicable, unless any specific exemption is granted by the respective STATE vat act.
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