Capital gains query - urgent

200 views 2 replies

Hi everyone! 

 

In case - individual 'A' gives his own land to a company and acquires shares in it, how are capital gain provisions accrued in the hands of the A? 

 

Further, when the company later sells the land to another individual/entity, what are capital gain implications? In such case of sale, will the capital gain also arise in the hands of the A?

 

Kindly reply asap! Thanks in advance!  

Replies (2)
yes both time a is liable to pay capital gain
but in 2nd case why A is taxable, company is liable to pay tax...

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