06 April 2012
You can do the same by demerging the existing company or you can also do the same by opening some subsidary company but one should remember that the subsidary should be wholly owned subsiday...
06 April 2012
There is a provision in the Income Tax Act that if transfer is between Holding and Subsidiary company, then Capital Gain tax would not be levied if certain conditions are satisfied.
Pls guide is there any provisions in the stamp act which exempt payment of stamp duty on transfer of property between Holding and Subsidiary.
Property is in Haryana and according Haryana Stamp Act would be applicable in the present case.
06 April 2012
ince stamp duty is the subject matter of the state duty and as far as I know about Stamp Duty Act of Harayana..there is no exemption in this...
CAclubindia
