Merger with company of whose shares held as inventories
This query is : Resolved
06 August 2020
Dear experts please help me in this query. A company is holding shares of another company as inventories. Now that wants to get merged with the company of whose shares it is holding as inventories. So ultimately after the merger the shares will get cancelled. So what will be the implication this scheme under Income Tax Act.
09 August 2020
No implications on the mergers. Income Tax needs to be paid on Income generated by the organisations.
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
- Errors in lTDS FORM 26 QB FILING FOR Last instalment payment FOR HOUSE PROPERTY PURCHASE
- TDS deposited by party after the filing of income tax returns
- TDS on Purchase of Property From NRI after 23.07.2024
- Reg Correction Form 15CB & 15CA
- Tax liabilty for a Indian person stay abroad earning salary in foreign country and paying tax as per
- Address Proof Required Gst Registration in UP
- Regarding Capital gain of NRI
- REGARDING ITR RETURN PROCCESSED BY DEPARTMENT
- Foreign assets include NRE & FCNR deposits maintained in India ?
- Query on Cheque
- How to re-claim and offset the ITC in 3B rtn.
- How to determine Holding period of shares in the case of ( Listed shares)
- How to capital Gain in the case sale of shares after after right issue (STCG and LTCG)
- Capital in the case of sale of shares after Merger or Demerger
- Adjusted from Capital account
- AMT PAYABLE UNDER VIVAAD SE VISHWASH SCHEME 2024
- Need SAC and HSN code and which under itis consider
- GSTR9 LIABILITY
- GSTR9C Turnover 1
- ITC - in 3b
Trending Online Classes
-
6 days Certification Course on GST Practical Return Filing Process
CA Pratibha Goyal16 December 2024
CAclubindia
