Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2012
An asset is transferred by a company to other company. the share holders of both the companies are same
is the transaction is a transfer under IT act? and attracts Capital gain tax?
is the transaction is a transfer under IT act? and attracts Capital gain tax?
19 June 2012
yes and it will attract capital gain tax
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