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tax benifit

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27 June 2011 sir, plz explain what r the benefit,when a propritery business convert in to pvt co.,total turnover 4-5 crore and income 2% I.E. 8 LAKH.per annum.can i save tax?
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
27 June 2011 if u satisy conditions of section 47(xiv) then no cap gain tax will be there

CA MANOJ GUPTA
JODHPUR
09828510543
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