Capital Gains Tax
This query is : Resolved
Sjayaraman
(Querist)
02 June 2007
Company A sells its office premises whose market value is Rs.9 crores to a person holding beneficial interest in the company at Rs.3 cores which is higher than the guidance value for payment of stamp duty under Section 50 C of the Income tax act. Kindly clarify:
The tax implication on company And also on the buyer.
The tax implication on company And also on the buyer.
Vivek Jain
(Expert)
02 June 2007
The SC juddment of K.P.Verghese , will answere your querry
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