Transfer u/s 47
This query is : Resolved
30 December 2009
whether conversion of Sole proprietor to firm is considered as Transfer for computing Capital Gain?...
30 December 2009
Dear
There is only change of constitution, the ownership remains the same so it is not a transfer
There is only change of constitution, the ownership remains the same so it is not a transfer
30 December 2009
Agree with the expert.
But certain conditions are to be fulfilled viz. holding not less than 50% of share capital for a period of five years.
But certain conditions are to be fulfilled viz. holding not less than 50% of share capital for a period of five years.
30 December 2009
Agree with the expert.
But certain conditions are to be fulfilled viz. holding not less than 50% of share capital for a period of five years.
But certain conditions are to be fulfilled viz. holding not less than 50% of share capital for a period of five years.
30 December 2009
agree with both experts
30 December 2009
It will not be regarded as transfer and conversion of sole propritory concern to in to firm and Firm by the company etc dealt with specifically in capital gain chapter.Refer sec 47 for more details
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- SFT Cash Deposit in Current Account
- Annual return in Gst
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
