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?
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?
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
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