Share given by Co. to Partner firm
This query is : Resolved
Anshul Singhvi
(Querist)
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.
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
(Expert)
19 December 2010
in the of XYZ, Capital gain will arise.
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