Pvt ltd co take over the partnership firm

This query is : Open

hetal sangoi (Querist)
Follow

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?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

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.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

bhavesh

Srikanthan S

rana andcompany

Pranab Banerjee

Gurunathan kannan

Subscribe Now

Pvt ltd co take over the partnership firm

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Manager- Finance and Compliance