LIVE GST Certification Course by CA Arun Chhajer begins 3rd April. Register Now!
Certification course on Balance Sheet Finalisation
Course 2023

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Capital gain on sale of proprietorship to company (pvt ltd )

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 February 2019 WE HAVE ONE PROPRIETORSHIP BUSINESS NAMELY A. WHICH HAS TAKEN BY ONE COMPANY (NAMELY B PVT LTD ) IN THAT B LTD "A" HAS HOLDING 48% OF SHARES .

IS THERE ANY CAPITAL GAIN ARISING OF PROPRIETOR FOR SELLING THE BUSINESS .

KINDLY CLARIFY

THANKS IN ADVANCE
Profile Image

VIJAY KUMAR

Profile Image

VIJAY KUMAR (Expert)
21 February 2019 A must hold 50% of shares for 5 years from the date of succession apart from other fulfilling other conditions.
Previous
Next

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Follow us Course 2023 Zoho

Trending Online Classes

Tally Advance Features Along With Audit Logs Certification Course
CA Deepak Gupta
Enroll Now

Certification course on Balance Sheet Finalisation
CA Kapil Jain
Enroll Now

GST Practitioner Certificate Course 35th Batch
CA Arun Chhajer
Enroll Now
view all classess


Answer Query

Stay updated with latest Posts!


Quick Links