Capital gain
This query is : Resolved
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.
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.
22 November 2014
While computing the period of holding the period for which the holding company held the asset shall also be taken into consideration.
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