Venkateswar Reddy
(Audit Assistant)
(195 Points)
Replied 29 January 2016
Since the Immovable property is in companies name, No capital gain will arise.
However all provisions relating to Acquition of company will attract.
Yash Shah
(CA Practice)
(32 Points)
Replied 29 January 2016
thank you sir but there is also one issue that shares are purchased at book value and not at market value
CAclubindia
