Acquire/ take over proprietary firm.
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2012
Please tell me how can a private Ltd can acquire/ take over proprietary firm.
Please tell me how can a private Ltd can acquire/ take over proprietary firm.
13 October 2012
Refer sec 47(Xiv).
Fulfill its requirements and then no capital gain will arise on the transfer. And the stock in trade should be transfered at cost or market value whichever is lower. Then no business income will arise on its transfer as per the supreme court decision in sakthi trading company.
Fulfill its requirements and then no capital gain will arise on the transfer. And the stock in trade should be transfered at cost or market value whichever is lower. Then no business income will arise on its transfer as per the supreme court decision in sakthi trading company.
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2012
I want to know the procedure to be followed by Private limited Company to acquire / take over proprietory firm ?
14 October 2012
Ok I am sorry.... But on that matter you should wait for explanation from any other expert.
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