Shares in kind
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2012
When a company buys a technology, what are the tax implications if consideration is through issue of shares in kind??
And can i take the technology on lease? What are the tax consequences and benefits if i take it up as a finance lease?
And can i take the technology on lease? What are the tax consequences and benefits if i take it up as a finance lease?
20 November 2012
Hi
If you will made a written agreement under section 41(2) of the Companies Act, 1956 with seller to take shares of the company against technology.
If you will made a written agreement under section 41(2) of the Companies Act, 1956 with seller to take shares of the company against technology.
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