Transaction not regarded as transfer
This query is : Resolved
04 August 2013
A wholly owned subsidiary carrys 10000 RIL shares which was bought 9 months before @ 700/- and now due to some internal arrangement transfer to holding company at same value. Whether there will be any capital gain in case if shares value as on date of transfer is 900/- per shares. At what value this transaction will be taken place for the purpose of income tax act.
08 August 2013
Section 47 of the Income Tax Act deals with transactions not regarded as transfer.
This case is covered u/s 47 and accordingly there is no tax liability involved.
This case is covered u/s 47 and accordingly there is no tax liability involved.
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
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Applicability
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
