Chartered Accountant
21 Points
Joined June 2014
if a company with the object of dealing in real estate business was formed and purchase properties and then person & nominee who hold 100% shares of company, sold 100% shares to another individual then, for the purpose of computation of capital gain weather FMV of shares shall be taken in to account as value of property as on date of transfer or FMV as per books of account of company shal be taken