Shere transfer
This query is : Resolved
24 May 2012
At what price can a member(huf) of the pvt. ltd. company transfer his shares to the director(karta of the said huf) of the company?
In case it is transferred at face value than how will the HUF recognise its loss? will that be allowable under Income tax?
In case it is transferred at face value than how will the HUF recognise its loss? will that be allowable under Income tax?
24 May 2012
The shares can be transferred at any price decided mutually among the parties.
If the price is less than the acquisition cost the same will be long term/short term capital loss and is allowed.
If the price is less than the acquisition cost the same will be long term/short term capital loss and is allowed.
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