Share given by Co. to Partner firm

This query is : Resolved

Anshul Singhvi (Querist)
Follow

17 December 2010 Suppose a Co. namley XYZ Ltd. gives 5000 shares of ABC Ltd to its firm in which XYZ Ltd. is partner towards capital then in the books XYZ ltd.what would the tax implication

Secondly, it would reflect as investment in partnership firm (in kind)as per Sch VI, but what value would be considered for transfer.

kindly revert back.

CA. R. B. SAH

CA. R. B. SAH (Expert)
Follow

19 December 2010 in the of XYZ, Capital gain will arise.

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rampal Saini

Vijay Mishra

SUBHASH SAHA

Vinod Dharwarkar

R Prabhudoss

Subscribe Now

Share given by Co. to Partner firm

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Manager- Finance and Compliance

Senior Executive

GST CONSULTANT

GST CONSULTANCY

CA Final