gift
This query is : Resolved
21 July 2009
As per budget, it is said that if a immovable asset (share) is transferred to some one without consideration or less consideration in comparision of fair market value is taxable over 50000/- as gift. my question is how fair market value will be calculated.
21 July 2009
In my opinion fair market will be calculated at the maximum traded price on the day of transfer.
21 July 2009
fair market value means the highest price of the share on stock exchange as on the date of transfer.
In case the shares are not listed on any stock exchange then the fair market value means
total profit of the company / nos of shares
Profit & nos of shares will be as on the date of transfer.
In case the shares are not listed on any stock exchange then the fair market value means
total profit of the company / nos of shares
Profit & nos of shares will be as on the date of transfer.
21 July 2009
Agreed with Mr. Chetan Soni
Regards
Regards
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
