stamp duty
This query is : Open
18 June 2016
stamp duty on merger of unlisted companies ...
merger is on book value
18 June 2016
stamp duty on corporate rearrangements is a contentious issue however to a large extent position stands settled in favour payability of stamp duty being a matter of 'conveyance'.
Further a care needs to be taken of specific state list applicability and CG Notification 1 of 16th Jan 1937 to understand exactly the rate and status of application.
Further a care needs to be taken of specific state list applicability and CG Notification 1 of 16th Jan 1937 to understand exactly the rate and status of application.
18 June 2016
is there any other tax implications if merger is taking place on book value????
18 June 2016
The Indian Income-Tax Act refers to amalgamations to
mean merger of one or more companies with another
company or the merger of two or more companies to
form another company.
Implications under the Income Tax Act,
1961
Tax implications can be understood from the following
three perspectives:
a)Tax concessions to the Amalgamated (Buyer) Company
b) Tax concessions to the Amalgamating (Seller) Company
c) Tax concessions to the shareholders of an Amalgamating
Company.
mean merger of one or more companies with another
company or the merger of two or more companies to
form another company.
Implications under the Income Tax Act,
1961
Tax implications can be understood from the following
three perspectives:
a)Tax concessions to the Amalgamated (Buyer) Company
b) Tax concessions to the Amalgamating (Seller) Company
c) Tax concessions to the shareholders of an Amalgamating
Company.
18 June 2016
would u pls provide me the details of these implications???
18 June 2016
and one more thing both the companies belong to same person...
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