Sale of software
This query is : Resolved
01 May 2012
Please Help....
A Individual made a software and sole it to a company for a consideration of shares?
Will the individual liable to pay tax on the software he sold or will he be taxed when he sell the shares of the company ???
A Individual made a software and sole it to a company for a consideration of shares?
Will the individual liable to pay tax on the software he sold or will he be taxed when he sell the shares of the company ???
01 May 2012
There are two aspects.
1. The revenue from the sale of the software shall be taken to be at the fair value of shares. So revenue is recognised today.
2. The shares shall be investment of that individual. When he sells those shares in future, capital gain shall be computed accordingly.
1. The revenue from the sale of the software shall be taken to be at the fair value of shares. So revenue is recognised today.
2. The shares shall be investment of that individual. When he sells those shares in future, capital gain shall be computed accordingly.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
