Easy Office
LCI Learning

Company law

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
13 April 2012 Fixed Assets are converted from proprietary concern to pvt ltd, than does it involve Capital Gain or wealth tax ?
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
13 April 2012 simply conversion of business from proprietary to company does not means to transfer under income tax subject to proprietor hold more than 51% shares.
Profile Image

CA PRAVEEN SINGH

Profile Image

CA PRAVEEN SINGH (Expert)
13 April 2012 MERELY CONVERSION IS NOT SALE.SO NO GAIN
NO TAX.NO COVERED IN THE DEFINITION OF TRANSFER.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links