Capital Gain
This query is : Resolved
07 November 2009
A Private limited company closely held by shareholders of a family member had purchased a land 4 years ago with unsecured loan from directors and sharehlders. the company have no other asset/liability now if the company wants to sell land what is best option from taxation angle. suppose if instead of selling land shares of members are sold whether such capital gain is exempt or the same is taxable @ 20%
CA Balram Sharma
(Expert)
07 November 2009
IF COMPANY SALE THE LAND THAT WILL BE LIABLE TO TAX,
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