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Capital gains

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(Querist)
02 December 2011 What are implications of Income tax when an immovable asset is transferred by the promoter to the company at a price (a)lesser than market price (b) greater than the market price? (Implications on tax of both promoter and Company)
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Hari Beldona

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Hari Beldona (Expert)
02 December 2011 The Assessing officer may refer to the valuation officer U/s 55A

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