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

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(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
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VIJAY KUMAR

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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.

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