Fixed assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2012
If a proprietor concern converting to private limited company, here what is the treatment of Fixed assets transfer from proprietor to company, please give me advise.
12 November 2012
Let the private limited company make an agreement with the concerned individual on asset to asset basis. The capital gain , if any, is the individual's look out.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sale of goods to the purchasing party
- OLD REGIM AND NEW REGIM
- Resignation of auditor and appointment and cfss
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- I have sent ITR to CPC and delivered in due date , but portal itr status not updated
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Clarification on 15% Saudi Withholding Tax and Refund Eligibility
- FORM 10BB/10B REQUIRED OR NOT
- HOUSING LOAN ISSUE
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
