Tax implication

Paresh Rathod (CA) (222 Points)

13 April 2011  

A (Compnay) who purchased the particular land at Rs.3,00,00,000/-.

from that company  sell a Garage to B (Individual (Who is relative of major shareholder) )for Rs.50,00,000/-

& company C(which is Intercorporate Company of A) purchase from B at Rs.25,00,000/-.

what should be tax implication for this?



Paresh Rathod