MOHIT KUMAR TOMAR (Income Tax Assistant) (231 Points)
04 August 2018What is the tax implication of Transfer of capital assets by proprietor from one business to another business of same proprietor?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 04 August 2018
| Originally posted by : MOHIT KUMAR TOMAR | ||
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What is the tax implication of Transfer of capital assets by proprietor from one business to another business of same proprietor? |
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Nothing
Just depreciation expense of one form will reduce which will increase Np and VV in other firm
CAclubindia
