Few questions on i tax
This query is : Resolved
24 September 2012
For computing value of block of assets ( for computing capital Gain); can 100 % subsidiary assets be counted in parent balance sheet?
A company sells 50% share in assets and forms a partnership or LLP or Pvt Ltd ? ? Capital Gain Tax only on 50% ?
A company sells 50% share in assets and forms a partnership or LLP or Pvt Ltd ? ? Capital Gain Tax only on 50% ?
24 September 2012
No, in income tax both are different assessee.
Capital gain arises only when block does not exist or the value of WDV of the block becomes nil. It can transfer 50% of share also.
Capital gain arises only when block does not exist or the value of WDV of the block becomes nil. It can transfer 50% of share also.
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