05 November 2014
A company had acquired a capital asset for 150 Lakhs on 01/01/1995. It transferred the same to its 100% Subsidiary on 10/10/2008. The 100% Subsidiary sold the same asset on 05/06/2014 for 400 Lakhs.
I want to know the period of holding to be taken for computing of Capital gains in the hand of Subsidiary Company.
CAclubindia
