Capital Gain
This query is : Resolved
21 May 2011
Hi Expert, Can u Please give me effect on following problem:
If one Private Limited Company transfer shares to another private Ltd Company which is Closely Held , What is the effect of this?
Whether it is taxable and where it is constructed as Long term and Shirt term Gain?
And if Private Ltd company which is closely held by an Individual at that time what is the legal effect for that?
If one Private Limited Company transfer shares to another private Ltd Company which is Closely Held , What is the effect of this?
Whether it is taxable and where it is constructed as Long term and Shirt term Gain?
And if Private Ltd company which is closely held by an Individual at that time what is the legal effect for that?
21 May 2011
SINCE THERE IS TRANSFER INVOLVED HENCE CAPITAL GAIN WOULD ARISE
LONG TERM OR SHORT TERM WOLUD DEPEND UPON PERIOD OF HOLDING
CA MANOJ GUPTA
JODHPUR
09828510543
LONG TERM OR SHORT TERM WOLUD DEPEND UPON PERIOD OF HOLDING
CA MANOJ GUPTA
JODHPUR
09828510543
21 May 2011
But whether the period for determining Long Term or Short term as per the Normal Provision i.e. 12 MONTH for shares or any different period ? In which section it would be taxable? Whether any deduction is allowable in that case?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
