Income tax

Yes..

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But in Vinod singhania it is wrritten that the period for which the capital was held by previous company shall not be considered and in VG sir book it is wrritten what you have said ..kindly clarify 

Dear Saket,

The period of holding by the previous owner shall be included. Pls refer the relevant sections below in that order, you will frame the interpretation urself.!!

- Clause (b) to the Explanation-1  to Sec.2(42A).

- Sub-clause (e) of clause (iii) of Sec.49(1).

- Clause (xiiib) of Sec.47.

A combined reading will tell you that the said period will be covered.

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- Ashish

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