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Capital gain

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Querist : Anonymous

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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?
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Ca Anand Dubey

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Ca Anand Dubey (Expert)
19 June 2012 yes and it will attract capital gain tax

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