Poonawalla fincorp
Poonawalla fincorp

Capital gain for conversion of prop.ship into pvt ltd co.?

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 October 2012 is it true that proprietor need to hold 51 % of share capital to avoid capital gain in conversion of prop.ship into pvt ltd company,? if it is true...then in which section it has been return?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
08 October 2012 Yes, Its True.
Read With Section
2(47),
45(1),
72A(6)
47


These all are relevant section of asked Query by You. on Income Tax act
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 October 2012 what will be benefits in SLUMP SALE.. regarding conversion of prop ship to pvt ltd company?
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