Menu
Conversion of company to llp
Kindly suggest that if a Company has filed Form for Conversion of Company to LLP in March, 2016 and got approved COI for LLP in April, 2016, will it get capital gain benefit under Income Tax Act as Application is of March, 2016 and COI is of April, 2016 as per New Budget 2016 provisions
Replies (1)
No..it follows the rule of effective date i.e. regisration mentioned in the registration certificaete - in current scenaro it is Aprl '16.
You can not claim the exemption for FY16 though application is made in March'16.
Recent Topics :
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
Related Topics :
CAclubindia
