Conversion of proprietorship firm to pvt company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2014
Does conversion of proprietorship firm to a Private limited company attract Capital Gain Tax if all the assets of the firm are taken over by the company?
28 February 2014
there wont be any capital gains subject to conditions specified on section 47(xiv) of the Income Tax Act 1961
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