Share sold of pvt. ltd. company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2012
Equity shares of private limited company sold below book value or not in f.y. 2012-13 and what is the tax treatment
22 July 2012
You can sell your shares held in a pvt ltd company at a price which is less than the book value of the company.
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For the purchaser it may give birth to a tax incidence where the difference between the FMV and Sales Consideration is of Rs. 50000/ or more.
.
You may refer Section 56(2)(vii)(c)(ii).
.
.
For the purchaser it may give birth to a tax incidence where the difference between the FMV and Sales Consideration is of Rs. 50000/ or more.
.
You may refer Section 56(2)(vii)(c)(ii).
.
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