Tax on sale of website

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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details