Capital gain ?
This query is : Resolved
02 August 2010
i convert my 5 building ( worth RS. 5 crore) to Stock in trade
do i need to pay Capital gain on 5 crore before converting ?
i convert my 5 building ( worth RS. 5 crore) to Stock in trade
do i need to pay Capital gain on 5 crore before converting ?
02 August 2010
Not required to pay any tax on capital gain
02 August 2010
Sir
why ?
It is a tranfer u/s 2(47)
than it must be subject to CApital gain ?
please explain me,
if i hve asset worth Rs. 100 crore and to save tax i say that it is stock in trade, wil that be exempted ?
why ?
It is a tranfer u/s 2(47)
than it must be subject to CApital gain ?
please explain me,
if i hve asset worth Rs. 100 crore and to save tax i say that it is stock in trade, wil that be exempted ?
02 August 2010
TAX WILL BE PAID WHEN YOU SOLD THAT STOCK
AT THAT TIME TAX WILL BE PAID ON CAPITAL GIAN AND ALSO BUSINESS PROFIT.
FOR DETAIL CALCULATION SEE ANY BOOKE OF INCOME TAX.
AT THAT TIME TAX WILL BE PAID ON CAPITAL GIAN AND ALSO BUSINESS PROFIT.
FOR DETAIL CALCULATION SEE ANY BOOKE OF INCOME TAX.
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02 August 2010
sir please answer my service tax query ask by me also.
i m not receivng reply for any other expert please help
i m not receivng reply for any other expert please help
02 August 2010
The question was applicabiliyt of CG at the time of conversion
The answer is NO
At the tine of sales both the Capital Gain and Business profil will be applicable accorindly
The answer is NO
At the tine of sales both the Capital Gain and Business profil will be applicable accorindly
02 August 2010
AMITJI I THINK YOUR SERVICE TAX QUERY IS ALSO SOLVED.
PLEASE CHECK.
PLEASE CHECK.
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