banner_ad

query ralated to capital gain tax on putchase of business of proprietorship by newly Incorporated company

Tax queries 140 views 2 replies
My clients is running his business as proprietary firm. Now he is going to form new Pvt Ltd company. After forming company he will purchase all assets and liabilities of the proprietary firm. Is there any capital gain arising in this case. 


Please guide.
Replies (2)
If company purchase assets and liability then yess capital gain raise
In then hand of properioter but if conversion take place form properioter to company then no capital gain u/s47 so my advice rather purchase and sale it is best option to conversion it save tax


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details