banner_ad

Tax on sale of website

Tax queries 397 views 1 replies

Hello,

A foreign company is willing to purchase a website that I own. I have two options:

1) Sell the website and take the money in MY INDIVIDUAL SAVINGS bank account

2) Sell the website and take the money in CURRENT (CORPORATE) BANK bank account in the name of my firm

 

Which option will minimize my tax payable and help to get the maximum? Any opinion from experts will be really appreciated.

 

Thanks

 

 

Replies (1)
I believe that website was being used in carrying out the business of the firm. so ideally the proceeds shud get credited to your business account and not your personal account.
capital gains tax liability wud arise in this case. .you can claim exemption under 54EC by investING in capital gains bonds max upto 50lacs.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details