Capital gains on transfer of knowhow
This query is : Resolved
09 August 2017
Hello,
Is there capital gain tax on transfer of know-how developed by a scientist? Also kindly consider the fact that cost of acquisition or development is not determinable or can be considered as zero. Will consideration received be considered as capital receipt?
Is there capital gain tax on transfer of know-how developed by a scientist? Also kindly consider the fact that cost of acquisition or development is not determinable or can be considered as zero. Will consideration received be considered as capital receipt?
09 August 2017
yes, it attracts capital gain.
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