Sec 47
This query is : Resolved
14 June 2010
I have 2 proprietary concerns and am a partner in another firm with my wife. I wish to transfer all the three concerns into one pvt ltd co. All three concerns owns immovable property. Will Capital gain arise or will all the three will be covered u/s 47(iv)/ (xvii).
If taxable transfer, any possible way out to save tax.
If taxable transfer, any possible way out to save tax.
15 June 2010
no it is not a taxable transfer(provided all assets and liabilities has been transferred)
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
