Pvt ltd co take over the partnership firm
This query is : Open
28 December 2012
what are the tax effect will take into consider when private Ltd company take over the registered firm.
what are the section are relevant during and after taking over the firm in to private ltd company?
what are the section are relevant during and after taking over the firm in to private ltd company?
28 December 2012
At such point of time, apart from other -
.
Section 47(xiii) is very important section of the IT Act 1961 in such a case. It deals with certain conditions, if followed, there will be no transfer of capital assets from firm to the Pvt Ltd. Co.
.
For proportionate Depreciation , fourth Proviso to Section 32(1) may also be referred.
.
.
Section 47(xiii) is very important section of the IT Act 1961 in such a case. It deals with certain conditions, if followed, there will be no transfer of capital assets from firm to the Pvt Ltd. Co.
.
For proportionate Depreciation , fourth Proviso to Section 32(1) may also be referred.
.
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