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Fixed assets

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Querist : Anonymous

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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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
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.
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