Section 10 (B) Benefits
This query is : Resolved
25 September 2009
An assesse sold its assets to a independent company under slump sale , orginally the assessee was enjoying the 10 (b) benefits since 2006 .
The independent company carries the same business with the same assets and location and whether it will be entitled to 10 (B) benefits .
The independent company carries the same business with the same assets and location and whether it will be entitled to 10 (B) benefits .
27 September 2009
No, conditions are there.
The Plant & Machinery should not have been used for any purpose in India. No depreciation should had been claimed in India.
The better planning was to introduce the new owners as shareholders.
The Plant & Machinery should not have been used for any purpose in India. No depreciation should had been claimed in India.
The better planning was to introduce the new owners as shareholders.
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 Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Building tax payment deduction in rental Income
- Pass word to open justification report for Q1 for FY 2026-27
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
