Transfer of movable asset to wholly owned subsidiary
This query is : Resolved
29 January 2016
Dear All,
A Holding company wants to transfer a bike to its overseas Wholly owned Subsidiary. Please let me know the applicable provisions and applicable acts.
A Holding company wants to transfer a bike to its overseas Wholly owned Subsidiary. Please let me know the applicable provisions and applicable acts.
01 February 2016
As far as income tax is concerned, this transaction attracts capital gains. You need check for export duty, if any.
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