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
hey the answer for that question is here my tax madam has given this
here is the answer
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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CAclubindia
