capital gain
This query is : Resolved
tarin shah
(Querist)
25 July 2008
can manufactureing licence be liable for capital gain tax?
25 July 2008
Whether the same is transferrable or not?
However, in a case, it is transferrable and the right to manufacture is assigned for a consideration, then the profit will be a Capital Gain from Self generated asset and the cost in this case may be taken at NIL. In case the licence was acquired for a consideration then the cost of purchase shall be the cost of acquisition in this case.
However, in a case, it is transferrable and the right to manufacture is assigned for a consideration, then the profit will be a Capital Gain from Self generated asset and the cost in this case may be taken at NIL. In case the licence was acquired for a consideration then the cost of purchase shall be the cost of acquisition in this case.
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