Capital Gain in Hand of Private Limited Company on Share Transfer

Tax queries 131 views 1 replies

There are tow private limited companies- Company “A” & company “B”. Company B was incorporated as an SPV for development of hotel project on a land given on 90 years lease by State Govt. Company A holds 49% shareholding in company B.

Now company A wants to transfer his 49% shareholding to other. How the value of share should be assessed for the purpose of capital gain calculation in the hands of Company A.

In case any further information is required to reply the query please let me know.

Thanks & Regards,

Replies (1)

Refer rule 11U, rule 11UA of income tax rules 1962


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