16 February 2012
Thank you Sir, but please clarify that if an individual/company leases land to XYZ company and receives shares of XYZ company. Is this transaction considered transfer u/s 2(47)(vi) and is subject to capital gain tax? Also suppose there is only a lease of land, is it not a transfer u/s 2(47)(ii) of I.T.Act?
CAclubindia
