GST Certification Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Capital Gain in sale of share in llp, indexation for each year investment

This query is : Resolved 

23 September 2022 Pvt Ltd., Company invested Rs. 50 lakhs in LLP in 2010. Later every year Pvt ltd Company has lent Rs. 10 lakhs to LLP until 2020-21, a total amount of Rs. 120 lakhs lent as an unsecured loan to LLP. Now Pvt Co. wants to exit from LLP at a total settlement of Rs. 70 lakhs. How to calculate capital gains in the hands of Pvt ltd Company. If we opt for indexation we can calculate up to AY 2018-19 afterward we cant do indexation.

24 September 2022 Not clear about investment or loan in LLP? There cannot be investment as in LLP there cannot be share holding.

A company cannot advance loans to a firm in which a director is a relative or partner nor can provide any guarantee or security with connection to any loan to them.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


GST caclubindia books Score More Study Less


Answer Query