If a New company is formed to takeover an existing Old company(s), then is Capital Gain on Transfer of Asset to Newly formed Company liable for Tax..?
If yes, then what are the Exemptions available for Investing the Said gain..?
Kindly Reply..
If a New company is formed to takeover an existing Old company(s), then is Capital Gain on Transfer of Asset to Newly formed Company liable for Tax..?
If yes, then what are the Exemptions available for Investing the Said gain..?
Kindly Reply..