Transfer of trade mark
This query is : Resolved
17 December 2010
Can a stand be taken that there will be no capital gain on sale of treadmark when the cost of acqusition associated with it is zero
18 December 2010
Even though there is no cost of acquistion associated with the trademark, but when you sell the same there will be profit/gain arising on its transfer.
Trademark per se is a capital asset & hence any profit or gain ariising on transfer of a capital asset shall be chargeable to income tax under the head capital gain.
Trademark per se is a capital asset & hence any profit or gain ariising on transfer of a capital asset shall be chargeable to income tax under the head capital gain.
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