Capital gain after conversion of pvt. ltd. co to llp
This query is : Resolved
25 November 2012
One of my client has converted its pvt. ltd. co to LLP on dt. 06.06.2012 by complying all the condition. Now he wants to sell one land which now become property of LLP. I want to know that for capital gain calculation date would be actual date of purchase or date of conversion in to LLP.
25 November 2012
The period of holding by the Pvt Ltd Co. will also be added in the period of asset
held by the LLP for the purpose of computation of capital gains.
.
So, the original date of purchase is the relevant date.
held by the LLP for the purpose of computation of capital gains.
.
So, the original date of purchase is the relevant date.
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