Tax Implication

Paresh Rathod (CA) (222 Points)

19 April 2011  

Company A (Real Estate Compnay) who purchased the particular land at 3,00,00,000/- 3 year back.

Company A
sell a Garage to B (Individual (Who is relative of major shareholder of both Company A & Company C) ) for 50,00,000/- in the  FY 2010-11.

From B (Individual), Company C((Real Estate Compnay)which is Intercorporate Company of A) purchase same Garage for 25,00,000/-. in the FY 2010-11.

what should be tax implication for this?

Please Advice me.


Paresh Rathod