DEAR COLLEAGUES,
A HOLDING COMPANY HAS TRANSFERED ITS CAPITAL ASSET TO ITS 100% SUBSIDIARY.
AND IS COVERED UNDER SECTION 47(IV) OF THE INCOME TAX ACT
KINDLY TELL ME HOW TO PASS THE JOURNAL ENTRY IN THE BOOKS OF BOTH ENTITIES
CA NITIN VERMA
Menu
Journalization of transaction of holding and subsidiary
Replies (1)
Holding Company
1) Eq Share in Subsidiary A/c Dr
to Fixed Assets A/c
Subsidiary Company
Fixed Assets A/c Dr
To Equity share Cap
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
