hello friends
i would like to know that if an amalgamated co. a healthy unit absorbs a sick co. into it.
And,If such sick unit has intrinsic value of Rs 1 lac
And the value at which it has been acquired by healthy unit is Rs.80000
what should be tax treatment in the hands of amalgamated co.
Thanks.
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CAPITAL GAIN
Replies (2)
no capital gain while purchase shares at a lesser amount
from the side of transferor company too no capital gain
can uh tell me whether such 20000 be taxable under any other head or not?
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