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Transfer of movable asset to wholly owned subsidiary

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(Querist)
29 January 2016 Dear All,

A Holding company wants to transfer a bike to its overseas Wholly owned Subsidiary. Please let me know the applicable provisions and applicable acts.
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
01 February 2016 As far as income tax is concerned, this transaction attracts capital gains. You need check for export duty, if any.

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