Section 50CA & 56(2)(×)
This query is : Resolved
13 April 2022
if shares of unlisted co. are transfered then full value of consideration for transferor will be Fmv or actual consideration whichever is higher as per sec 50CA.
Again if shares are received for inadequate consideration then 56 (2 )(X ) apply for trasferee & taxed under income from other source.
Means it is a double taxation for same transaction ????
Again if shares are received for inadequate consideration then 56 (2 )(X ) apply for trasferee & taxed under income from other source.
Means it is a double taxation for same transaction ????
13 April 2022
Yes, it's double taxation to discourage such transfer.
Message likes :
1 times
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Copyright software
- Transporter Declaration form
- Multiple trade mark
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Tds UNDER SECTION 195 INTEREST PAID TO NRI DIRECTOR
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
