a proprietory concern is converted to a pvt ltd compnay. all the assets are transferred to company at NBV. is this transaction will be treated as transfer under capital gains?
Menu
capiatl gains
Replies (3)
I DO NOT REMEBER THE SECTION BUT TRANSER WILL NOT BE TREATED AS CAPITAL GAIN. FOR DETAILS READ EXCEPTIONS TO TRANSFER OR EMAIL GIVE ME UR EMAIL ID I WILL SOON SEND U DETAILS WITH SECTION & OR U CAN REFER v.k. sINGHANIA 'S REFERNCE BOOK FOR PCC cHAPTER cAPITAL gAIN
I DO NOT REMEBER THE SECTION BUT TRANSER WILL NOT BE TREATED AS CAPITAL GAIN. FOR DETAILS READ EXCEPTIONS TO TRANSFER OR GIVE ME UR EMAIL ID I WILL SOON SEND U DETAILS WITH SECTION & OR U CAN REFER v.k. sINGHANIA 'S REFERNCE BOOK FOR PCC cHAPTER cAPITAL gAIN
conversion of proprietory concern into a company is exempt under section 47(xiv) but certain condition have to be satisfied.please check the conditions
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
