capital gain tax
This query is : Resolved
Naresh kumar Golchha
(Querist)
29 August 2009
sir,
we are two brothers and holding 50 percent shares each in the pvt.ltd company. the assets are in the name of the company.Now i want my 50 pecent share in the company that consits land/immovableand movable property. The same 50 percent share is divided after family arragement scheme. I want to the tax impact on me. Whether the land/immovable and movable property received by me is treated as capital gain tax or not.
we are two brothers and holding 50 percent shares each in the pvt.ltd company. the assets are in the name of the company.Now i want my 50 pecent share in the company that consits land/immovableand movable property. The same 50 percent share is divided after family arragement scheme. I want to the tax impact on me. Whether the land/immovable and movable property received by me is treated as capital gain tax or not.
Late CA Sampat Jain
(Expert)
30 August 2009
THE TERM TRANSFER FOR THE PURPOSE OF I T ACT INCLUDES EXCHANGE OF ASSETS ALSO
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