capital gain
This query is : Resolved
24 January 2009
transfer of prop. business assets to pvt. ltd. co. attracts capital gain in the hands of prop. if consideration payable is standing as unsecured loans in the books of pvt. ltd. co...? what r the conditions to be fulfilled for exclusion from capital gain?
25 January 2009
Transfer for propietory business to a company are exempt under section 47(xiv) if certain conditions are met.
However if your case is not covered by above then you can make investment in specified securities within 6 months of the assets transferred as mentioned u/s 54EA.
However if your case is not covered by above then you can make investment in specified securities within 6 months of the assets transferred as mentioned u/s 54EA.
26 January 2009
Thanks a lot sir.
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