capital gains

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 as per sec 2(47) of capital gains, transfer of a capital asset to a 100% subsidiary  is exempt from tax. But how can there be a 100% subsidiary? there must at least 2 (or) 7 members in a company. so how can a company avail this exemption? 

thanks in advance if you reply to it

Replies (3)

100% subsidiary does not mean 100% shareholding....It means 100% control over the management......

Hope this will solve ur confusion.....

  hey the answer for that question is here my tax madam has given this

 here is the answer


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