Capital gain
This query is : Resolved
11 February 2014
A is an individual and she is transferring her property to xyz co. and consideration will be shares. Does capital gain arise on this situation?.
12 February 2014
Yes it will be taxable. But there are other issues too. So if u want the exact treatment, mail me your details to cachinay@gmail.com
12 February 2014
Under clause xiv of Section 47, it can attract?. If that individual transfer all business to that company and can get shares from that company?.
12 February 2014
Under clause xiv of Section 47, it can attract?. If that individual transfer all business to that company and can get shares from that company?.
12 February 2014
Sir, that clause is applicable for transfer of asset by holding to its subsidiary, which is clearly not your case.
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