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capital gain

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(Querist)
16 March 2008 if a firm's assets is revalued and converted into pvt co under ix of companies Act whether liability of capital gain arises for the firm
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Jitender

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Jitender (Expert)
16 March 2008 if conditions mentioned u/s 47(xiii) are satisfied then there will be no capital gain tax .
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
17 March 2008 IF THE CONDITIONS MENTIONED UNDER SECTION 47(xiii) ARE SATISFIED THAN NO CAPITAL GAIN SHALL ARISE
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CA Pattanayak

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CA Pattanayak (Expert)
19 March 2008 I too agree with Mr.Saurabh and Mr.Jitender.

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