gift
This query is : Resolved
21 July 2009
As per budget, it is said that if a immovable asset (share) is transferred to some one without consideration or less consideration in comparision of fair market value is taxable over 50000/- as gift. my question is how fair market value will be calculated.
21 July 2009
In my opinion fair market will be calculated at the maximum traded price on the day of transfer.
21 July 2009
fair market value means the highest price of the share on stock exchange as on the date of transfer.
In case the shares are not listed on any stock exchange then the fair market value means
total profit of the company / nos of shares
Profit & nos of shares will be as on the date of transfer.
In case the shares are not listed on any stock exchange then the fair market value means
total profit of the company / nos of shares
Profit & nos of shares will be as on the date of transfer.
21 July 2009
Agreed with Mr. Chetan Soni
Regards
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
